Flipkart has discontinued operations of Jabong entity to primarily put its focus on premium online marketplace Myntra. In 2016, Walmart owned Flipkart acquired Jabong in an all cash deal of $70 million. Nevertheless, since then the company is unable to decide ...
With huge inventories almost four times the usual stock level as suggested by vendors, leading online e-tailers including Amazon and Flipkart are all set to come up with huge discounts this summer. Annual sales shall be across segments as well ...
Flipkart-owned Myntra announced that it has acquired Jabong from Global Fashion Group. This move is said to mark further consolidation in India's booming e-commerce industry. "Global Fashion Group (GFG) has entered into a definitive agreement to sell Jabong, its Indian business, ...