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Posts Tagged ‘ Jabong ’

Rocket Internet admits trusting everyone in India was a mistake

Thursday, October 20, 2016 | More »

Rocket Internet, the German internet venture builder, may have made certain miscalculations “in putting trust in everyone” while doing business in India, said a senior global executive while speaking at a startup event in Bangalore on Thursday. Rocket Internet – which operates on a venture bui...


FabAlley.com raises $2 mn Series A funding

High Street Essentials Pvt Ltd, the company that owns and operates FabAlley.com, an online fashion brand exclusively for women, has raised $2 million (Rs 13.42 crore) in Series A round of funding led by India Quotient. FAO Ventures, Indian Angel Network (IAN) and a group of angel investors including...

13 October, 2016 | More »


Myntra appoints Wipro exec Dipanjan Basu as CFO

Flipkart-owned fashion e-tailer Myntra said on Thursday it has hired Dipanjan Basu from software services firm Wipro Ltd as its chief financial officer. Basu was the CFO and chief operating officer at Wipro’s digital and consulting business. He will join Myntra on 17 October, the company said ...

29 September, 2016 | More »


Exclusive: Myntra brings Jabong’s tech team under own roof

Flipkart-owned fashion e-tailer Myntra has moved the research and development team of Jabong in Bengaluru to its own facility, less than two months after it acquired the lifestyle and apparel shopping portal. Both R&D teams will continue to work separately for now but any integration in the futu...

23 September, 2016 | More »


Rocket Internet sees “sluggish” growth in India

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak investment recovery from the South Asian country. “In India, economic activity remains buoyant, but the growth forecast for 2016 and 2017 was trimmed slightly, reflecting ...

23 September, 2016 | More »

Sumit Jain

Exclusive: Automated chat solution startup Joe Hukum gets Jabong CTO’s backing

Joe Hukum, which provides automated chat-based solutions to companies, has received commitment for a pre-Series A round of funding, a co-founder of the startup said. Arihant Jain told TechCircle that the startup got commitment from Jabong’s chief technology officer (CTO) Sumit Jain. The Joe Hukum ...

20 September, 2016 | More »


​Exclusive: Women’s apparel e-tailer eShakti raises fresh funding

Chennai-based eShakti Pvt. Ltd, operator of an online women’s apparel retailer, has raised fresh funding from two investors, a person familiar with the development told VCCircle. eShakti, which targets the US and Canda and operates an Indian e-commerce unit under Zapelle, raised Rs 9 crore ($1...

6 September, 2016 | More »


Exclusive: Analytics startup IQLECT hires ex-Amazon & Flipkart exec Vaibhav Pandey

Analytics startup IQLECT Software Solutions Pvt. Ltd, founded by former Jabong CTO Sachin Sinha, has appointed former Flipkart and Amazon executive Vaibhav Pandey as head of solutions strategy. Pandey will lead the company’s efforts in creating strategic solutions for its real-time data analysis p...

2 September, 2016 | More »


No downsizing or integration of manpower post Jabong’s acquisition, says Myntra CEO

Flipkart-backed fashion portal Myntra recently crossed $1 billion in annualised Gross Merchandise Volume (GMV) run rate, becoming the first Indian fashion e-tailer to hit the milestone. In a chat with TechCircle, Ananth Narayanan, CEO of Myntra, says both Jabong and Myntra will continue to function ...

25 August, 2016 | More »


Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labe...

22 August, 2016 | More »

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