Jabong would be a terrific asset: Myntra CEO
After Flipkart-owned Myntra acquired Jabong on Tuesday for $70 million, Myntra CEO Ananth Narayanan said, "When we thought of we can continue shaping the fashion and lifestyle market, we thought Jabong would be a terrific asset." He added, "While it’s an acquisition, I actually look at it as a partnership.” The two companies will continue to function as different brands.