For it is one category that Flipkart dominates; the combination of Flipkart, Myntra and Jabong
accounts for nearly 70 per cent of the online fashion e-tailing market, say industry watchers.
Issuing a statement, the Myntra CEO Ananth Narayanan disclosed, Jabong
has built a strong brand that is synonymous with fashion, a loyal customer base and a unique selection with exclusive global brands.
is one of the online fashion marketplaces that the US giant is setting sights on as part of its strategy to expand its foothold in the fashion products segment.
has been in talks with all four firms over the last few weeks.
Maharashtra, April 19 -- Sourabh Kant Shrivastava showcased a unique couture and pret line called "Rebirth in Kaliyug" at Jabong
Stage at Lakme Fashion Week Summer/Resort 2014.
It tried to buy growth to stay ahead by acquiring fashion e-tailers Myntra and Jabong
but Amazon raced past.
F LIPKART- owned Myntra has sealed an all- cash deal to buy rival Jabong
for USD 70 million ( around Rs 470 crore) from Global Fashion Group ( GFG), a company backed by Germany's Rocket Internet and Sweden's Kinnevik.
in, their website, now showcases products from leading e-commerce portals like Flipkart, Snapdeal, Amazon, Shopclues and Jabong
The new enterprise will be created through the amalgamation of Dafiti in Brazil, Jabong
in India, Lamoda in Russia and the CIS, Namshi in the Middle East and Zalora in South East Asia and Australia.
For the last couple of seasons or so, LFW's packaging of events both on and off its runways have also become worthy of mentioning - the Jabong
Stage where it gives newcomers a platform to showcase their debut collections; Friday Funda with Bandana Tewari; Fashion Films Premier with Anaida Shroff Adjania and the Textile Day where the current minister for textiles was the guest of honour were part of this package that were not only relevant to fashion or fashion weeks, but also interesting packages added on to this event.
E-tailing on Jabong
, Flipkart, Amazon for easier access to products.