After Jabong, Flipkart owned Myntra acquires majority stake in

By A Mystery Man Writer

It seems Flipkart owned online fashion retail outlet Myntra is on an acquisition spree, in a bid to curb all competition and become the sole leader in the market. We saw the eCommerce giant acquire Jabong last month USD 70 million.It hasn't been a whole month since then and Myntra is yet again in news for buying out majority stakes in Hrithik Roshan and Exceed Entertainment owned active lifestyle brand HRX.

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Flipkart (Myntra) acquires Jabong, and becomes the undisputed market leader of fashion and lifestyle segment with 60-70% market share! - Yo! Success

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