Amidst a tough sail in the rough waters marked by scarce funds, valuation markdown and management exodus, India’s largest e-commerce portal, Flipkart has announced another re-shuffling at its top-deck. With ever increasing competition from arch-rival Amazon, the company has decided
Strengthening its position as the undisputed leader in online fashion and lifestyle segment in India, Bengaluru-based Flipkart has acquired online fashion portal Jabong from Global Fashion Group(GFG) through its arm, Myntra, beating the likes of Snapdeal, Future group, and Amazon.
Former senior executives of Jabong are being investigated by Rocket Internet for apparent violation of several corporate governance rules, reports ET. The report that also discloses an apparent “conflict of interest” during the GoJavas deal with Snapdeal cites well-known pseudonymous
After splurging on employees, promotions, and sales which brought several organizations to a fund crunch, our e-commerce companies have finally started reining in costs. Companies like Snapdeal (Jasper Infotech Pvt. Ltd), Jabong (Jade Eservices Pvt. Ltd) and Flipkart Ltd, who
BANGALORE, INDIA: Online fashion marketplace, Jabong has appointed Sanjeev Mohanty as Chief Executive Officer (CEO) and Managing Director, effective early December 2015. Mohanty has over 20 years of leadership experience in the fashion industry, primarily at Benetton India where he