Home > Archive by tag 'fashion e-commerce'

Posts Tagged ‘ fashion e-commerce ’

Fashion portal Voonik’s FY16 sales rose twice as fast as its cash burn

Wednesday, February 8, 2017 | More »

For-FAbAlley-Investment-Theory-2_ThinkstockPhotos-525965617
Voonik Technologies Pvt. Ltd’s net sales for 2015-16 rose almost forty-fold but losses widened 18 times, as the fashion e-commerce marketplace spent heavily on advertising to attract customers in a sector dominated by Flipkart-owned online retailers Myntra and Jabong. Net sales for the year throug...

myntra_fe

Myntra clocks sales of Rs 850 crore in January

Flipkart-owned Myntra registered sales of over Rs 850 crore ($126 million) in January, including those from its recently acquired unit Jabong, a financial daily reported on Monday. Buoyed by its ‘End of Reason Sale’, the online fashion retailer hit an annual revenue run rate of $1.6 bill...

6 February, 2017 | More »

clothes-by-shah-junaid2

Jabong parent ups fundraising round by $33 mn

Global Fashion Group (GFG), the parent of loss-making Indian fashion portal Jabong, has added €30 million ($33 million or Rs 222 crore) to its latest fundraise to take the total amount secured from its existing investors to €330 million ($364 million). Germany’s Rocket Internet SE invested €...

22 July, 2016 | More »

Jabong002

Alibaba, Myntra, Snapdeal, others queue up to buy Jabong

Rocket Internet-incubated fashion e-commerce venture Jabong has re-initiated talks with a number of internet companies including Alibaba, Flipkart-owned Myntra, Aditya Birla’s e-commerce venture Abof and Snapdeal besides Future Group for a possible sale of the firm. Quoting unnamed sources clo...

4 July, 2016 | More »