Flipkart acquires fashion e-tailer Jabong
Flipkart on Tuesday announced the acquisition of fashion e-commerce platform Jabong through its unit Myntra for an undisclosed amount. Jabong, which went live in 2012, has been looking for a buyer following reports of its investors being unwilling to infuse fresh capital. "Welcome @JabongIndia to the @Flipkart family. We'll create history together", Flipkart Co-founder Sachin Bansal tweeted.