Flipkart's Acquisition: Transforming Myntra's Market Share And Finances

Background of Companies:
Flipkart: Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal. It operates in the e-commerce industry and is headquartered in Bangalore, India. The company has attracted significant investment from key investors, including Tiger Global, Naspers, Accel Partners, DST Global, and SoftBank. In 2013, Flipkart's revenue was approximately $1 billion.

Myntra: Myntra was founded in 2007 by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena. It specializes in fashion e-commerce and is also headquartered in Bangalore, India. Myntra has received investments from prominent investors such as Accel Partners, Tiger Global, and IDG Ventures. In 2013, Myntra's revenue was approximately $70 million.