India's largest online retailer, Flipkart.com, has acquired fashion e-retailer Myntra.com and the deal will be a combination of both cash and stock, is scheduled to be announced on Thursday.

The officials from both the side did not disclose the amount of deal but the market analysts say that the deal could be around Rs 1,800 to 2,000 crore. And also it is not yet clear Flipkart will acquire only the Myntra brand or its overall operations.

The deal will effect the Seattle based e-commerce giant Amazon a lot and Flipkart made their right move keeping Amazon in mind.

(AW: Vamshi)