India's Largest e-commerce giant Flipkart today announced a major fund raising of
$1.4 billion from Tencent, eBay and Microsoft thereby creating a 'Mahagathbandhan'. This merger will ensure FLipkart enough supplement to fight its main rival Amazon Inc.
Also, Flipkart will buy Ebay's India Business. We may see some positive moves in the e-commerce industry driven by Flipkart , Amazon as major and other competitors such as Snapdeal, Shopclues catching up.