Flipkart formally closes down fashion portal Jabong 4 years after acquisition; to focus fully on Myntra for apparel business
Fp Staff • 5 years agoIn July last year, it was hinted that Walmart-owned Flipkart might close down Jabong after the e-commerce firm had started diverting the shoppers to its own e-commerce firm Myntra.
Fraudsters in Noida accessed personal details of Flipkart, Myntra users: Report
Tech2 News Staff • 5 years agoThe police say it is still investigating if the said data was with them by authorisation of the respective companies.
Accel raises $550 million in its sixth round of funding in India
Tech2 News Staff • 5 years agoAccel was one of the first investors in some of India’s marquee startups such as Flipkart, Ola, Myntra, Freshworks, Swiggy, and UrbanClap.
Exclusive: Chiratae Ventures on the verge of closing $275 million fund, ropes in IFC
Sunny Sen • 5 years agoChiratae is the new avatar of IDG Ventures, which has carved out space for itself in early-stage investing in startups.
Myntra logs Rs 539.2 cr loss in FY19; revenue from operations more than doubled to Rs 1,041 cr
• 5 years agoFlipkart-owned Myntra has seen a manifold rise in net loss to Rs 539.20 crore in FY2018-19, according to regulatory documents
Jabong may cease to exist as independent brand after parent firm Flipkart redirects shoppers to Myntra
Fp Staff • 6 years agoIn July 2016, Flipkart's Bengaluru-headquartered fashion e-commerce company Myntra had acquired Jabong for $70 million.
Flipkart issues ESOPs worth $100 million to senior and middle-level staff as part of efforts to retain key talent
Fp Staff • 6 years agoSome employees of Flipkart were given shares worth their full-year salary, while others received shares equivalent to their six-month remuneration, it said
Revised FDI norms for e-commerce: Brands co-owned by Bollywood celebrities likely to get affected
Fp Staff • 6 years agoThe government has banned e-commerce companies such as Amazon.com and Walmart-owned Flipkart Group from selling products from companies in which they have an equity interest
Myntra, Jabong CEO steps down to reportedly take over as Hotstar chief
• 6 years agoFlipkart’s Amar Nagaram has been named as the head of Myntra and Jabong.
Ananth Narayanan steps down as Myntra-Jabong CEO to pursue foreign opportunities; Amar Nagaram takes over
• 6 years agoIn a statement, Myntra said Narayanan has decided to step down as CEO of Myntra and Jabong to pursue external opportunities.