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Flipkart eyeing new businesses to take on Alibaba and Amazon

Flipkart eyeing new businesses to take on Alibaba and Amazon

Wednesday, April 12, 2017, 10:01 AM

Armed with Rs.9,000 crore from its biggest round of funding, Flipkart is setting sights on new businesses that will pit it against Alibaba, even as India’s largest e-tailer deepens investments in its core business to outflank Amazon in one of the world’s most hotly contested e-commerce markets. Flipkart will use the capital to grow PhonePe and expand its portfolio of private labels.
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