Amazon to buy flipkart / Snapdeal

 

Amazon has been aggressively pushing into India facing Snapdeal & Flipkart as the local rivals. Reports are in that Amazon’s India sales were more than Flipkart for the first time in July. Flipkart has upped its game by giving more control to their new executive Kalyan Krishnamurthy who was an MD at Tiger Global investment firm. Flipkat & Snapdeal have raise more than 1bn dollars, but faced losses due to heavy discounts. Recently there was also a rumour about a merger or sale of Flipkart or Snapdeal to Amazon. Flipkart is so far, valued at $15 billion & Snapdeal at $6.5 billion. Could it be true?

 

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