Shopclues denies having any merger talks with Flipkart
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E-commerce firm
"Really speaking, it is not the fact. Of course, mergers help but do not guarantee businesses to grow," ShopClues CEO
"If money was the only reason why businesses have to be made and sustained, then Tatas and Birlas should be one entity, but they aren't. They are competing with each other," he added.
Sethi also said that it was wrong to link the two e-commerce majors only because they have a common investor in Tiger Global.
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