Who is CEO of Jabong?

A confident Arun Chandra Mohan, the Jabong founder and CEO, stands up for e-commerce valuations.

Is Jabong still working?

Online traffic Flipkart owned Jabong fashion portal was shut down completely in Feb 2020 and Jabong website users are redirected to Myntra website permanently.

Where is Jabong now?

The curtains are finally down on Jabong, the Rocket Internet founded fashion portal which was once upon a time, India’s most visited ecommerce portal. Jabong.com, their desktop website and Jabong app, both are being redirected to Myntra, which is Flipkart’s (and Walmart’s) fashion hub.

What went wrong with Jabong?

The shutdown of Jabong was evident in June last year when Flipkart had cut down the marketing spend and redirected its users to Myntra with attractive incentives. The acquisition also backfired as Flipkart faced non-cash impairment of $290 million for its investment in Jabong in November last year.

Who is CEO of Myntra?

Nandita Sinha (Jan 1, 2022–)Myntra / CEO

Who owns Myntra and Jabong?

Flipkart Group
Myntra, a Flipkart Group company, had acquired Jabong in July 2016 for $70 million in cash and Flipkart had bought Myntra in May 2014.

Who took over Myntra?

Common Investors Flipkart acquired 100 percent stake in Myntra for an estimated amount of Rs. 2000 crores through a cash and stock deal. Accel Partners and Tiger Global played a significant role in the completion of the said transaction.

Who acquired Jabong?

Is Myntra profitable?

The company, operated by Myntra Designs Pvt Ltd, reported consolidated net loss of Rs 429 crore for FY21 against Rs 744.4 crore in 2019-20 (FY20), the company’s filings with the Ministry of Corporate Affairs (MCA) show.

Why did snapdeal failed?

Snapdeal purchased many companies like Shapo, Wishpicker, ESportsbuy, Grabbon etc but failed each time to integrate them correctly. Snapdeal itself was not profitable, hence it was never able to control other companies. It focused on everything but customer experience.

Who is Flipkart CEO?

Kalyan Krishnamurthy (Jan 2017–)Flipkart / CEO