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Flipkart to acquire eBay India; raise up to $2bn funding

The round values Flipkart at around $10 billion, which is lower than the $15.1 billion valuation in its last round, but higher than the $8 billion valuation that was expected in the round. “Even a $10 billion valuation means a lot and will go a long way in establishing India’s image among the foreign LPs who have been sceptical about exits,” said an executive in a media statement. This replenishes its war-chest in its fight with Amazon for market share on its home turf.

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