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co-founder of Bangalore-based Flipkart. Financial details of the deal were not disclosed but a source in the company said the transaction was valued at close to $300 million (roughly Rs. 1
Flipkart, India’s largest e-tailer, acquired online fashion portal Myntra on Thursday and said it would invest $100 million (roughly Rs. 584 crores) in the fashion business. “It’s a 100 percent acquisition and