Upstream Commerce: Flipkart is facing $800K lawsuit over Upstream acquisition

Amidst dealing with the new FDI rule and e-commerce draft policy, Flipkart is now facing an $800,000 lawsuit over the acquisition of Upstream Commerce it had made in September last year.The suit has been filed by Wolet Capital Corporation, an investment bank that counts US-India cross border deals as its key area of function. The corporation alleges that Flipkart has made a breach in contract and unjust enrichment and the amount of the lawsuit is a sum of damages and costs borne by the i-bank.Continue reading Flipkart is facing $800K lawsuit over Upstream acquisition at Entrackr.