NEW DELHI: India's online retailers are bulking up on acquisitions and funding as they battle the world's biggest Internet shopping giant, Amazon, for supremacy in the hyper-competitive domestic market.
Late last month, Flipkart, India's largest e-shopping portal, announced the takeover of rival Myntra in a deal analysts estimated at US$330mil (RM1.06bil) — the largest of a string of transactions in the sector over the past two years.
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