Co-Founder & CEO, Flipkart Sachin Bansal has announced that Flipkart and Myntra are getting together to create one of the largest e-commerce stories and together they will dominate the market. Both the brand names are likely to retain their identity separately.
It is a 100% acquisition and going forward, they have big plans in this segment. Bansal stated that at Flipkart they believe that they want to be leaders in every segment and fashion is a category of the future and this acquisition will help them become leaders in this category.
We wish them all the best for future as for giving a competition to Amazon it will require lots of effort as Amazon has become a leading e-commerce seller in view of its easy return policy.
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It is a 100% acquisition and going forward, they have big plans in this segment. Bansal stated that at Flipkart they believe that they want to be leaders in every segment and fashion is a category of the future and this acquisition will help them become leaders in this category.
We wish them all the best for future as for giving a competition to Amazon it will require lots of effort as Amazon has become a leading e-commerce seller in view of its easy return policy.
Bookmark us to get latest e-commerce tips and remember to get our free tips in email.
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