Myntra buys Jabong for million

Posted by parisha kumari on July 27th, 2016

Myntra, a Flipkart Group organization, today reported the obtaining of Jabong from Global Fashion Group to make India's greatest design shopping destination. The securing of Jabong further fortifies Flipkart Group's position as the undisputed pioneer in Fashion and Lifestyle section in India.

Jabong is among India's significant style multi-brand e-stores with more than 1500 on-pattern global high-road brands, sports names, Indian ethnic and planner names and more than 150,000 styles from over a thousand venders. Myntra and Jabong are good to go to characterize the up and coming era of web shopping with a joined base of 15 million month to month dynamic clients and offering the best of brands to Indian customers. The absolute most famous worldwide brands that will be selective to both the stages incorporate Dorothy Perkins, Topshop, Tom Tailor, G Star Raw, Bugatti Shoes, The North Face, Forever 21, Swarovski, Timberland and Lacoste.

Binny Bansal, CEO and Co-Founder, Flipkart said, "Style and way of life is one of the greatest drivers of e-trade development in India. We have dependably had faith in the design and way of life fragment and Myntra's solid execution has strengthened this confidence. This obtaining is a continuation of the gathering's excursion to change trade in India. I am upbeat that we will now have the capacity to offer to a large number of clients a wide assortment of styles, items and a wide collection of worldwide and in addition Indian brands"

As indicated by Ananth Narayanan, CEO, Myntra, "Jabong has constructed a solid brand that is synonymous with style , an unwavering client base and a one of a kind choice with selective worldwide brands. The procurement of Jabong is a characteristic stride in our trip to be India's biggest design stage. We see critical cooperative energies between the two organizations particularly on brand connections and purchaser experience. We anticipate working with the capable Jabong group to shape the eventual fate of design and way of life ecommerce in India.