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E-tailer Flipkart acquires eBay India, in landmark $1.4 billion fundraising round

( April 11, 2017, 04:54 GMT | Insight) -- India's largest e-tailer Flipkart has closed the country's biggest-ever start-up funding round, raising $1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc, as it gears up to compete with Amazon India, Live Mint reports. India's largest e-tailer Flipkart has closed the country's biggest-ever start-up funding round, raising $1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc, as it gears up to compete with Amazon India, Live Mint reports. Flipkart will be acquiring eBay India as part of the deal, which valued Flipkart at $11.6 billion. eBay India itself is valued at $200 million to $250 million. Flipkart is also looking to buy smaller rival Snapdeal, and is in talks with the latter's biggest investor, Japan's SoftBank Group.     ...

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