Thursday, November 27, 2014

Technology News: Amazon may by the for a whopping $1.2 billion

Amazon plan's to buy the "" in order to face off  against local giant "" .
"" is the one of the top rated e-commerce in india. it is the biggest acquisition in the history of indian e-commerce.the acquisition was pegged at $360 million only between  "" and Myntra is

   Currently Flikart and Myntra with a combined share of 50% controls the market while jabong controls the 25%  of market  and others such as Zovi,Limeroad,Fationnara,the rest.Flipkart bought the Myntra for the reason of Focusing on Fashion as a category .it is huge potential for the top lines and Flipkart is ruling the indian e-commerce .As the reason Amazon plan's to buy,to face off
  on another side watching  very closely, and a deal breakthrough ant time now.

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