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Posts Tagged ‘ Jabong ’

Myntra targets $2 bn revenue run rate, profitability in FY18

Thursday, December 1, 2016 | More »

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Flipkart-owned online fashion retailer Myntra said the company has crossed $1 billion in annualised run rate riding on an impressive 80% year-on-year growth, thanks to the $70 million acquisition of Rocket Internet-backed rival Jabong and the peak selling festive season sale events. “This year has...

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Ajit Narayanan is the new CTO of Flipkart-owned Myntra

Bengaluru-based fashion e-tailer Myntra Designs Pvt Ltd’s chief technology and product officer Shamik Sharma has moved on to an advisory role and Ajit Narayanan has been appointed as the new CTO of the Flipkart-owned firm. Narayanan was formerly the head of engineering at the Mukesh Bansal-founded...

28 November, 2016 | More »

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Flipkart may hire I-bankers to raise funds

India’s biggest e-commerce marketplace Flipkart India Pvt. Ltd is reportedly in talks with several investment banks, including the US-based Goldman Sachs Group Inc. to attract investors for a new round of funding. In a report, the Mint on Friday said that the Bangalore-based company “is now cons...

25 November, 2016 | More »

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Jabong sees top-level exits three months after Flipkart buy

Bengaluru-based fashion marketplace Jabong’s chief marketplace officer and head of human resources have quit the firm, just three months after it was bought out by Flipkart’s fashion and lifestyle brand Myntra. “Chief marketplace officer Ranjan Kant and HR head Deepa Chadha have both decided t...

11 November, 2016 | More »

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Amazon hikes seller commission charges for some categories

Just as Flipkart claims victory over Amazon in terms of sales in the festive month of October, the Indian arm of the US-based retail giant has made a strategic move to raise the commission charges from sellers for categories like electronic devices and automotive accessories. In its latest revision ...

5 November, 2016 | More »

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Amazon offers better customer experience than Flipkart: Forrester report

The Indian arm of the US-based online retailer Amazon has been able to offer better customer experience (CX) than its home-grown rival Flipkart in the Indian market where the two ecommerce marketplaces have long been engaged in an intense battle for supremacy, according to a report by Forrester. Acc...

3 November, 2016 | More »

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Flipkart claims victory over Amazon in October sales

Home grown e-commerce giant Flipkart claims that it has beaten global heavyweight Amazon in terms of sales in the all-important festive month of October. Both e-commerce marketplaces ran special sale events during the month to establish a leadership position. Flipkart claims that it witnessed six ti...

2 November, 2016 | More »

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Rocket Internet admits trusting everyone in India was a mistake

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...

20 October, 2016 | More »

FabAlley

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 »

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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 »

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