Amazon Might Acquire Jabong Soon [Report]

By Vivek

With the growing popularity of the online shopping, Flipkart has evolved as one of the most widely used e-commerce sites in India. The company also acquired Myntra just a couple of months back. Now another US-based online retailer - Amazon which has started operating in India this year has also thought about buying another domestic online retailer in India.

Recommended: Diwali Dhamaka Offers 2014: Top 20 Smartphones With Upto 50 Percent of Discount


In fact, Amazon is in initial stage of talks to buy fashion and lifestyle portal Jabong. The report came from Economic Times' sources who were familiar with the matter.

Amazon Might Acquire Jabong Soon [Report]

As of now, online fashion retailer Jabong is valued at $500 million (Rs 3,000 crore). Back in May Flipkart acquired Myntra for more than $300 million.

As per industry estimates combined market share of Flipkart and Myntra stands at more than 50% while Jabong is responsible for 25% share.

Recommended: HTC Desire Eye With 13MP Frontal Camera Vs Top 10 Selfie Smartphones

As per a Technopak study, fashion segment is the second largest category in online retail in India resulting in 25% of all sales,

However, these are just the initial talks about the deal, and it is not finalized at the moment.

Stay tuned to GizBot for more updates!

Most Read Articles
Best Mobiles in India

Read More About: amazon jabong news

Best Phones

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Yes No
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more