Flipkart raises ₹9000 Crores from Microsoft, Tencent, eBay; Acquires eBay.in
Flipkart has raised ₹9000 crores from Tencent, Microsoft and eBay. With this fund raise, the Indian eCommerce giant has also acquired eBay's India business.
Snapdeal plans to lay off 600 employees to become profitable
Snapdeal is planning to layoff 600 employees in net few days in order to become India's first profitable eCommerce firm in next 2 years.