Flipkart in talks to acquire MapmyIndia, may exit ebooks business

India’s largest e-tailer Flipkart is in talks to acquire a majority stake in navigation and tracking solutions provider MapmyIndia, whose venture capital investors are looking for an exit, said a report in The Economic Times. Bangalore-based FlipKart is also looking to exit the e-books business, as it plans to focus more on retailing physical goods, another report in ET said.