Amazon & Flipkart battle for e-commerce's 'last frontier' in India

With 100 million new internet users every year, Amazon is betting big on India, but a major new investment in homegrown rival Flipkart means the battle to dominate the fast-growing e-commerce market is set to heat up. Flipkart announced this week that top international companies including Microsoft, eBay and China's Tencent had pledged investments totalling 1.4 billion dollars, among the largest sums ever raised by an Indian start-up.