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Who was the founder of Jabong?

Who was the founder of Jabong?

Praveen Sinha
Serial entrepreneur, founder of Jabong & Aqua brim and current managing director of PinCap, Praveen Sinha.

Who owned Jabong?

Walmart-owned Flipkart had acquired Jabong for $70 million in 2016, but saw a close to 13 per cent drop in app downloads for the brand in December 2019, media reports said on Wednesday.

Why Jabong is not opening?

Walmart-owned Flipkart has formally shut down Jabong to concentrate on its premium fashion marketplace Myntra. Walmart had in November last year took a non-cash impairment charge of $290 million for the value of the ‘Jabong’ trade name in the third quarter due to its investment in the fashion portal.

Who started myntra?

Mukesh Bansal
Ashutosh LawaniaVineet Saxena
Myntra/Founders

Mukesh Bansal is the founder and chief executive of Myntra, India’s largest fasion e-commerce site, which was acquired, in 2014, for $375 million by Flipkart, the country’s equivalent to Amazon. Before founding Myntra, Bansal spent eight years in Silicon Valley, first as a software engineer, then as a product manager.

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When was Jabong founded?

Jabong was founded in Oct 2011 and Praveen has played a critical leadership role in its phenomenal ramp up. Innovative ideas at various stages and speed of implementation has resulted in establishing Jabong as one of the top most sites in India.

Who was the founder of Flipkart?

Sachin Bansal
Binny Bansal
Flipkart/Founders

Why Myntra is shutting down?

The small warehouses that do not meet Walmart’s standards have been asked to be shut down. According to sources, these measures are expected to impact sales of Myntra in the short run. Reducing stored inventory will lead to Myntra unlocking working capital.

What went wrong with snapdeal?

Less focus on quality, lack of a unique value proposition and missteps on the marketing front led to the fall of Snapdeal, according to report by research and advisory firm RedSeer Consulting. The report also cited Snapdeal’s numerous pivots as a major reason for its failures.

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Who started CureFit?

Mukesh Bansal
Mukesh Bansal, the founder & CEO of CureFit will join Tata Digital as president while continuing his leadership role at CureFit, Tata Digital said in a statement.

Who is the founder of the online fashion website justjabong?

Jabong was founded by Arun Chandra Mohan and Praveen Sinha. It’s initial investor was GFG (Global Fashion Group) which was a subsidiary created by Germany based Rocket Internet which is a start up incubator and had invested or started seven other fashion websites like Zalora and others.

What is the name of the company that Jabong is from?

Jabong is from the Rocket internet group. Its a German investment firm that starts companies all over the world. Unlike the typical startups, Jabong was an e-commerce initiative from Rocket internet group itself.

Who is the co-founder of the Foodpanda app?

Jabong is listed as co-founded by Manu Kumar Jain. You can find out more about him on his LinkedIn profile – http://www.linkedin.com/in/manuk…. Currently serving Delhi region, FoodPanda is an online food ordering service.