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India’s largest online retailer, Flipkart, on Thursday acquired online clothing seller Myntra Designs for an estimated Rs 2,000 crore, in a deal that would give Flipkart control of roughly half of the nation’s e-commerce market by sales.[/caption]
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Flipkart acquired WeRead, a social book discovery tool in 2010. With more than 3 million readers and 60 million books, weRead captures user-generated information such as who, within your social network, has marked a book as a favourite, detailed reviews and user ratings of books. Image: Reuters[/caption]
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Flipkart acquired Mime360, a digital content platform company, in 2011. Mime360 is a Mumbai based startup that offers an exchange platform connecting content owners with content publishers (like saregama, Indiatimes etc). Image from AFP used for representational purpose only.[/caption]
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In 2011, Flipkart acquired Chakpak.com, a Bollywood news site that offers updates, news, photos and videos. Flipkart acquired the rights to Chakpak’s digital catalogue which includes 40,000 filmographies, 10,000 movies and close to 50,000 ratings. Image: Reuters[/caption]
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In 2012, Flipkart acquired Letsbuy.com, an Indian e-retailer in electronics. Flipkart bought the company for an estimated US$25 million. Later, Letsbuy.com was closed down and all traffic to Letsbuy diverted to Flipkart. Reuters[/caption]
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