Flipkart acquires minority stake in MapmyIndia

Q.  Flipkart has acquired a strategic minority stake in which online company?
- Published on 04 Dec 15

a. Snapdeal
b. Mantra
c. MapmyIndia
d. None of the above

ANSWER: MapmyIndia
Flipkart has acquired a strategic minority stake in online digital map platform for GPS navigation called MapmyIndia. Early financial investors Nexus Venture Partners and Lightbox Ventures will exit this company following this investment. Acquisition of this company’s stake will boost Flipkart’s logistics operations.

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