Jabong News


Myntra Acquired Fashion E-commerce Site Jabong for $70 Million in Cash

Myntra Logo
Myntra, a company of Flipkart Group, has acquired fashion e-commerce site Jabong Global Group (GFG) for $70 million in cash, creating one of the largest online fashion trends in the country and the largest e-commerce market in India. The acquisition will be arm Flipkart with much needed muscle to take on global rivals Amazon. Myntra and parent Flipkart together hold 60 per cent stake in the online...