The media reports are suggesting that India’s largest online retailer Flipkart is in talks with eBay India to merge their e-commerce operations as part of their plan to raise $2billion in their fresh round of funding. Flipkart has reportedly raised $1 billion round from Microsoft, eBay & Tencent and with the merger reports it looks as if the long awaited solidification of the Indian E-Commerce market in taking shape now.
Flipkart has already merged with Myntra to capture the large fashion & clothing industry. The merger between Flipkart and eBay would pave the way for a strong fight between 3 top indian e-commerce giants – Flipkart, Amazon & Paytm to capture the large Indian E-Commerce space.
The competition will not only improve the services but will also give them an opportunity to consumers to get the best deals & offers on top E-Commerce retailers in India.