MUMBAI: From gaming to fashion. It has been a busy week for Walmart-owned Flipkart on the acquisitions front. The e-commerce giant announced on Thursday that it has bought an equity stake in fashion brand Universal Sportsbiz Pvt. Ltd. (USPL), as it looks to strengthen its fashion portfolio.
On Tuesday, Flipkart had announced the acquisition of the intellectual property and team from Mech Mocha for an undisclosed amount to strengthen its gaming strategy.