E-commerce in India stiff competition with Indian startups. A large proportion of traffic towards e-commerce sites is driven by coupon sites. Examples of venture capital firms having invested in e-commerce companies in India are as follows: Flipkart.com raised about USD 2.3 billion. On 10 July 2013, Flipkart announced it had received $200 million from existing investors Tiger Global, Naspers, Accel Partners, and ICONIQ Capital, and an additional $160 million from Dragoneer Investment Group, Morgan Stanley Wealth Management, Sofina, Vulcan Inc. and more from Tiger Global. In February 2014, online fashion retailer Myntra.com raised $50 million from a group of investors led by Premji
Maplin (retailer) closed their doors with the Maplin company ceasing to exist. In September 2018, UK technology news site The Register reported that Peter Jones has bought the Maplin name and related IPs. The Maplin site has been since brought online and as of September 2018 is waiting for the official relaunch. Maplin (retailer) Maplin Electronics, trading as Maplin, was a retailer of electronic goods in the United Kingdom and Ireland. In June 2017, there were 217 Maplin stores. The company also operated an extensive online, telephone and mail order service. On 28 February 2018, Maplin went into administration, placing 2,500 jobs