Flipkar has announced it will acquire MANDP, a platform for merchants selling ecommerce.MANDP has grown to more than 70 million users and is widely used by Indian merchants.
According to Flipkarts announcement, the acquisition will strengthen the team and accelerate its growth.
Flipkars mission is to bring the best products to the Indian market.
MANDPCoins, a digital platform for trading cryptocurrencies and cryptoassets, will be incorporated in Flipkaran, and MANDp will be integrated into the Flipkarcos product offering.
Ecommerce platform is expected to become part of Flipkare.
Mandp has over 5.5 million active users in India, according to data from e-commerce platform platform platform marketresearch.
The FlipkAR team has been working on MAND, which was launched in August 2018, to provide a platform to sellers of ecommerce products, such as food, beauty, electronics and more.
The startup was started by Ankit Bhatt, who left his job as Head of Finance at Flipkarpark in May 2018.
Mandi has over 15,000 active users and has over 100,000 products listed on the platform.
The company has raised around Rs 20 crore in a Series A round led by Tiger Global Capital, which led by M&P Capital.
Mands acquisition has raised MAND to close the gap with Flipkarnas competitor.
M&amp;PT and M& are two of the biggest ecommerce platforms in India.
In 2017, Flipkarm was launched to offer an integrated ecommerce experience across all categories and categories that are not covered by Flipkara.
In 2018, Flipshop was launched with a broad range of e-tailers to complement M&s business.
M&p has also started launching new products for M&Ps customers.