Homegrown e-retailer Flipkart has acquired a majority stake in online fashion retailer Myntra, according to reports.
Flipkart reportedly said that both the entities will run independently.
The deal may be valued at about 2,000 crore, says report.
Launched in October 2007, Flipkart.com is India’s leading e-commerce marketplace offering millions of products across 20 categories and 40 sub-categories.
The fashion e-retail industry is reportedly estimated to be worth approximately $20 billion.
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