The Wire


The acquisition was done through Flipkart's fashion unit Myntra. Credit: Reuters

Flipkart, Not Snapdeal, Buys Jabong

New Delhi: In a surprising turn of events, Flipkart, on Monday, announced that it had acquired fashion e-tailer Jabong from the Global Fashion Group. Over the last month, reports had suggested rival online retailer Snapdeal was on the verge of making a deal the Gurgaon-based firm, with Financial […]