Flipkart CEO writes to staff on Jabong takeover
After Flipkart acquired Jabong for $70 million on Tuesday, Flipkart's CEO Binny Bansal wrote a letter to employees which said, "This acquisition is a continuation of the group's journey to transform commerce in India." It further said, "Myntra and Jabong are all set to define the next generation of online shopping offering the best of brands to Indian consumers." 