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eBay invests $500 million in Flipkart; sells its India unit

eBay invests $500 million in Flipkart; sells its India unit

Mon, Apr 10, 2017

Global marketplace giant eBay has invested $500 million in Indian e-commerce giant Flipkart. Ebay has backed Flipkart with an investment of $500 million for it to battle Amazon in India, according to a Reuters report. In addition eBay will sell its business to Flipkart.

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