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Posts Tagged ‘ Flipkart ’

What Flipkart buying Jabong means for online fashion industry & rivals

Wednesday, July 27, 2016 | More »

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Flipkart buying online fashion retailer Jabong has been deciphered in myriad ways by the two companies’ rivals and industry experts. While some describe it as a development that will determine the winners and losers in the fashion e-tail space, one of the largest and fastest growing segments withi...

Amazon launches subscription service Prime in India

In yet another move aimed at outdoing rival Flipkart, e-commerce company Amazon India has launched its much-awaited membership programme Amazon Prime for Indian customers. A popular service in markets such as the US and the UK, Amazon Prime promises to deliver products ordered to member customers wi...

26 July, 2016 | More »

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Flipkart buys Jabong for $70 million

Flipkart-owned Myntra has agreed to acquire main competitor Jabong from Global Fashion Group for $70 million (Rs 470 crore) in cash to create India’s biggest fashion e-tailer, ending months of speculation and outbidding several potential suitors including Snapdeal. The deal will consolidate Flipka...

26 July, 2016 | More »

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Myntra acqui-hires Cubeit to expand technology team

Flipkart owned lifestyle e-commerce venture Myntra Designs Pvt. Ltd has acquired mobile-based content aggregation platform Cubeit for an undisclosed amount. The team at Bangalore-based Cubeit has been inducted into Myntra to strengthen and expand its technology team, the company said in a statement....

11 July, 2016 | More »

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Myntra’s cash burn higher than Jabong’s in FY15

Rocket Internet-controlled fashion e-commerce venture Jabong, which has been on the block for over a year now, was bigger as a ‘marketplace’ compared with Flipkart-owned Myntra in the year ended 31 March 2015 even as the latter burnt more money. Regulatory filings show that Myntra’...

11 July, 2016 | More »

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Amazon to set up six new fulfilment centres

The India unit of e-commerce giant Amazon.com Inc. will set up six new fulfilment centres in the country before the festive season later this year to ramp up its warehousing capacity, as it raises its challenge to local rivals Flipkart and Snapdeal. The new centres will come up in Chennai, Coimbator...

7 July, 2016 | More »

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Exclusive: Flipkart front-runner to acquire Jabong

Flipkart, the parent of lifestyle e-tailer Myntra, is emerging as the front-runner to acquire rival fashion portal Jabong, according to two people briefed on conversations related to the sale. “Flipkart wants to buy Jabong brand and Jabong management too prefers to align with Flipkart and Myntra,...

4 July, 2016 | More »

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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 »

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Flipkart’s valuation blues continue as Vanguard joins the markdown bandwagon

Flipkart continues to battle valuation blues with US-based investment firm Vanguard Group becoming at least the fifth investor to mark down the value of its stake in the e-commerce company. Vanguard slashed the holding value of its investment in Flipkart by as much as 25% in the quarter through Marc...

1 July, 2016 | More »

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Sellers up in arms against Flipkart’s alleged high-handedness

The simmering discontent among its vendors seems to be compounding woes for Flipkart, which has, of late, been in the news for all the wrong reasons. Upset with the e-commerce company over the way it has unilaterally altered its commission system and is allegedly penalizing sellers for the return of...

25 June, 2016 | More »

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