A Flipkart spokesperson said that these numbers are for Flipkart alone, and do not include the users of its fashion portals Myntra and Jabong.
In this round, co can also raise Rs 150-200 crore more in the next four weeks from new investors
India's ecommerce giant wants Myntra and Jabong to increase its share in fashion
Daily consumables category driving additional growth momentum at firm
Amazon India chief Amit Agarwal says there is no slowdown in the online retail market
In June, Amazon founder Jeff Bezos announced that the company plans to increase investment in India to $5 billion from $2 billion
About 50 employees are set to share in the spoils with an estimated Rs 43 crore being allocated as returns on the employee stock option plan (ESOP).
The online marketplace's efforts to strengthen its vendor network were bolstered by initiatives such as Amazon Tatkal, which allows merchants to on-board in under an hour, say analysts tracking India's e-commerce market.
SoftBank-backed Housing will feature select new projects on its online platform and make use of PropTiger's offline services to seal transactions with customers as part of this arrangement.
Amazon India is expected to preempt rival Flipkart’s Big Billion Day (BBD) event, which starts October 3, by launching its Great Festival Sale on October 1.
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