Amazon, Flipkart in talks for minority stake in Hopscotch

Ecommerce majors Amazon and Flipkart are in talks with Hopscotch to buy a significant minority stake in the six-year-old company that sells kids’ apparel online, two people with direct knowledge of the matter said.
Hopscotch has appointed Barclays as the investment banker to raise up to $60 million (Rs 428 crore) to fund its expansion plans, including hiring more employees.
Founder Rahul Anand confirmed the company was in talks with potential investors, but didn’t name them. “We have commenced negotiations with some financial investors and strategic players but no deal has been signed yet,” he said.