Rocket Internet’s Jabong sold to Flipkart-owned rival Myntra for $70M
July 26, 2016 at 02:41 AM EDT
Finally, Rocket Internet has managed to sell Jabong, its fashion e-commerce site in India, after more than a year of speculation. Myntra, the fashion portal which itself is owned by Flipkart, has stepped up and acquired the company in a deal announced today. Read More