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.
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)
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