Jabong raises over $20 million from GFG
Online fashion retailer Jabong has reportedly raised additional funds of over $20 million from Global Fashion Group (GFG). Jabong is currently running in losses, however, it registered highest month-on-month growth of 35% in its net revenue for January 2016. Jabong investor Rocket Internet has reportedly been in talks with Amazon, Paytm and Snapdeal to sell Xerion Retailits, that operates Jabong.