Flipkart Group company Myntra on Tuesday announced its acquisition of e-store Jabong from Global Fashion Group, saying this gave Flipkart pole position in the sector catering to the country's fashion and lifestyle segment
Bengaluru: Flipkart Group company Myntra on Tuesday announced its acquisition of e-store Jabong from Global Fashion Group, saying this gave Flipkart pole position in the sector catering to the country's fashion and lifestyle segment.
ADVERTISEMENT
Picture courtesy Myntra's official Twitter page @myntra
"The acquisition of Jabong further strengthens Flipkart Group's position as the undisputed leader in fashion and lifestyle segment in India," the e-commerce platform said in a release here.
Welcome @JabongIndia to the @Flipkart family. We'll create history together.
— Sachin Bansal (@_sachinbansal) July 26, 2016
"Myntra and Jabong are all set to define the next generation of online shopping with a combined base of 15 million monthly active users and offering the best of brands to Indian consumers," it added.
Today, @Myntra got bigger! Delighted to welcome @JabongIndia to the @Flipkart group!
— binnybansal (@binnybansal) July 26, 2016
"This acquisition is a continuation of the group's journey to transform commerce in India," Flipkart co-founder Binny Bansal said in the statement.
Flipkart co-founders Sachin Bansal and Binny Bansal, officially welcomed Jabon India on Twitter. (View their embedded tweets above)
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
