22 Sep 2015
India's biggest e-commerce site Flipkart Ltd, backed by Tiger Global, Naspers and DST Global, has bought back its logistics business from WS Retail Services Pvt. Ltd, the largest seller on its platform, through a new a new entity called Instakart Services Pvt Ltd, reported Live Mint.
Significantly, the action signified Flipkart's move away from inventory-led platform to a marketplace. The value