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Posts Tagged ‘ Xerion Retail Pvt. Ltd. ’

Jabong parent raises $339M; valuation plunges

Wednesday, April 27, 2016 | More »

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...

Muralikrishnan B

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 »


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 »


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 »


Rocket Internet marks first close of new fund at $420M

German e-commerce incubator-cum-investor Rocket Internet has raised $420 million in the first close of its new fund, with Rocket Internet itself is contributing about $ 50 million, to invest in European internet companies, it said Tuesday in an e-mailed presentation. Shareholders in Rocket Internet,...

20 January, 2016 | More »


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 »


Rocket Internet unveils classifieds app Sparklist in Pakistan

Germany’s Rocket Internet, which backs fashion e-tailer Jabong and food-ordering firm Foodpanda in India, has launched peer-to-peer classifieds app Sparklist in Pakistan. Sparklist connects buyers and sellers of used goods through proximity-sensitive listings. The app offers an instant messagi...

9 November, 2015 | More »


Jabong CEO Arun Chandra Mohan quits to launch startup

Arun Chandra Mohan, co-founder and CEO of Rocket Internet-incubated Indian fashion and lifestyle venture Jabong, has quit the firm. The company is currently looking for a replacement. Its other co-founder Praveen Sinha will head buying and sourcing operations for Jabong along with Nils Chrestin, CFO...

14 September, 2015 | More »


Jabong biggest loss-maker among top Rocket Internet ventures

Rocket Internet-incubated Indian fashion and lifestyle venture Jabong has become the top money losing initiative for the German emerging markets and Europe focused internet company. Jabong’s operating loss margin rose far ahead of Southeast Asian lifestyle e-commerce firm Lazada and Latin Amer...

24 August, 2015 | More »

Rukaiya Kanchwala

Jabong’s former marketplace head seeks to create India’s ClassPass linking users to fitness centres through ClassVerse

Rukaiya Kanchwala, who till recently was lifestyle e-tailer Jabong’s director of marketplace, has ventured out on her own. She has founded Classverse, a curated marketplace that provides users with unlimited access to fitness studios, classes and gyms for a monthly membership price. The idea i...

17 June, 2015 | More »

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