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Posts Tagged ‘ Jabong.com ’

Jabong parent raises $339M; valuation plunges

Wednesday, April 27, 2016 | More »

Jabong
Global Fashion Group, the parent of loss-making Indian fashion portal Jabong, has raised fresh funding from its existing investors but at a sharply lower valuation. The company secured €300 million ($339 million or Rs 2,250 crore) from Germany’s Rocket Internet SE and Swedish investment firm Kin...

From left: Lip-Bu Tan, Michael Marks, Sachin Sinha

Exclusive: US investors Lip-Bu Tan, Michael Marks back analytics firm IQLECT

Analytics startup IQLECT, founded by former Jabong India CTO Sachin Sinha, has received an undisclosed amount in funding from well-known US investors including the founders of VC firms Walden International and Riverwood Capital. Lip-Bu Tan, founder of Silicon Valley-based Walden International and CE...

1 March, 2016 | More »

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Jabong appoints former eBay executive Muralikrishnan B as COO

Rocket Internet-incubated fashion e-commerce venture Jabong has appointed former eBay executive Muralikrishnan B is as its chief operating officer. He will report to CEO Sanjeev Mohanty and will be responsible for overseeing the technology, product and digital marketing functions, the company said i...

26 February, 2016 | More »

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Jabong hires ex-Bharti Airtel exec Deepa Chaddha as HR chief

Jabong has appointed Deepa Chaddha as chief human resource officer, the fashion e-tailer said in a press statement. Before joining Jabong, Deepa was Bharti Airtel’s HR head for its global centre of excellence. An alumnus of TISS Mumbai, she has also worked with Genpact and Oracle before joining Bh...

18 February, 2016 | More »

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Jabong claims to match Myntra in GMV last month

Rocket Internet-incubated fashion e-commerce venture Jabong said it is growing its net revenue and gross merchandise value (GMV) at a quick pace while keeping cash burn low and that it will start making profits before any of its close rivals. Jade eServices Pvt Ltd, which runs Jabong in India, said ...

3 February, 2016 | More »

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Jabong’s transaction growth just halted as it cut losses last quarter

Rocket Internet-incubated fashion e-commerce venture Jabong has hit a roadblock with the number of orders on its site remaining flat in the third quarter ended September 30, 2015 over the year-ago period. Although it managed to grow the value of goods sold during the same period—reflecting a rise ...

18 December, 2015 | More »

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Delhi High Court orders probe into 21 e-commerce firms

The Delhi High Court has ordered the government to investigate 21 e-commerce companies for possible violations of India’s foreign direct investment (FDI) norms. The order came on a petition filed by an industry body earlier this year demanding a government probe into all major e-commerce websites ...

20 November, 2015 | More »

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Jabong names Sanjeev Mohanty CEO

Fashion marketplace Jabong has appointed Sanjeev Mohanty as its CEO and MD, according to a report in The Times of India. Romain Voog, CEO of Jabong’s parent company Global Fashion Group, said in the report that Mohanty’s knowledge of the Indian fashion and retail industries will help strengt...

31 October, 2015 | More »

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Jabong’s growth rate halved in Q2

The pace of growth for Indian fashion and lifestyle e-commerce venture Jabong almost halved last quarter and it remained the top money losing proposition for German emerging markets and Europe focused internet company Rocket Internet. Jabong, one of the two large fashion e-tailers in the country b...

30 September, 2015 | More »

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On M&A radar: Jabong & CarWale

The merger & acquisition (M&A) deal counters are buzzing with some significant deals brewing in the internet space. Separate media reports said Alibaba Group-backed digital payment solutions and e-commerce venture Paytm is eyeing Jabong, one of the top two fashion e-tailers in the country. H...

21 September, 2015 | More »

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