In one of the biggest mergers in Indian e-commerce industry, Flipkart-owned Myntra has acquired one of its biggest rivals Jabong. With the acquisition of Rocket Internet’s Jabong for $70 million, Flipkart now has...
Ecommerce
Flipkart’s Myntra acquires Jabong
Myntra beats Snapdeal and other suitors to clinch the deal, the financial details for which have not been made public yet. Jabong, which matched larger rival Myntra in sales until early 2014, has ceded market share...
No merger talks with Flipkart, says ShopClues
BENGALURU: E-commerce firm ShopClues today refuted reports that it is in talks with rival Flipkart for a merger. “Really speaking, it is not the fact. Of course, mergers help but do not guarantee businesses to...
Myntra to buy Hrithik Roshan’s HRX brand
The acquisition is part of Myntra’s plan to boost its high-margin private brands business; the transaction will be completed over the next few weeks. Online fashion retailer Myntra is close to buying a majority stake in...
ShopClues acquires mobile payments firm Momoe
ShopClues will use Momoe’s technology to further strengthen the platform and ease transactions. New Delhi: Online shopping platform ShopClues.com (Clues Network Pvt. Ltd) on Friday said it has acquired mobile payments...
Snapdeal and Future Group are final contenders to acquire Jabong
NEW DELHI: Snapdeal and Kishore Biryani’s Future Group have emerged as final contenders for buying online fashion retailer Jabong at a valuation which is much less than the original asking price. While Snapdeal is...
Merging Flipkart, Snapdeal the best way to beat Amazon
Flipkart, Snapdeal are burning through cash and it doesn’t look like the flames of competition are going to die down while they’re being fanned by Amazon. Taipei: Shall we name it Snapkart, or Flipdeal? Perhaps either...
Myntra acquires mobile content aggregator Cubeit
Myntra, the fashion portal owned by Flipkart said on Monday that it has acquired Cubeit, a start-up that allows content aggregation on mobile. Myntra did not disclose the cost of acquiring Cubeit, which allows users to...
1mg Technologies acquires diagnostic labs aggregator Medd
New Delhi: Online healthcare start-up 1mg Technologies Pvt. Ltd on Monday said it has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic...
Shanghai Ganglian E-commerce’s share trade to resume after revising acquisition plan
Shanghai Ganglian E-commerce Holdings Co Ltd * Says share trade to resume on June 30 after revising asset acquisition proposal Source text in Chinese: bit.ly/2972Yiv Further company coverage: (Reporting by Hong Kong...
Amazon ties up with Vodafone to acquire ‘hesitant’ customers
BENGALURU: Amazon India is expanding its offline presence in the country as it looks to further localise its offering and bring on board customers who are still reluctant to shop online. The e-tailer has tied up with...
Alibaba’s Ant Financial buys 20 percent of data firm for $35 million
Chinese e-commerce firm Alibaba Group Holding Ltd’s (BABA.N) affiliate Ant Financial has bought a fifth of financial data provider Shanghai Suntime Information Technology for around $35 million, a source with...
