Link: Flipkart buys Myntra

Flipkart buys Myntra

The report says the deal will be a combination of cash and stock, although the exact deal size is not clear yet. A Mint report pegs the deal at $330 million while a NextBigWhat report pegs the deal to be over $250 million. Both Flipkart and Myntra will also apparently operate as separate entities, which was one of key demands of Myntra CEO Mukesh Bansal.

The merger has been on the cards for a while given the steady advances the 800-pound gorilla (Amazon) has been making.

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