According to recent report, Flipkart and Myntra have finalized the deal to merge. Now the two companies are merged but will work as a separate brands. Integration has begun but there is no official confirmation of the deal.
Flipkart was in talks with Myntra for past few months. Now, Nextbigwhat has confirmed the deal. Deal size has not been confirmed, but Nextbigwhat reported that it is expected to be over $250 million value. We are still waiting for official confirmation from Flipkart or Myntra.
Flipkart is also set to raise another round of funding before going for public offering.
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About the Author: Deepanker Verma
Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.
