eBay’s India operations to be acquired by Flipkart
The global biggies such as Amazon and China’s Alibaba, the Bengaluru-headquartered ecommerce major Flipkart is likely to snap up US-headquartered eBay’s India operations. The move is part of the company’s overall plans to raise $2 billion from a series of investors, including fund infusion from eBay in return for its operations getting acquired by the Indian retailer giant.