Jabong
Recent Highlights
All Stories for Jabong
Myntra, Jabong CEO steps down to reportedly take over as Hotstar chief
•Flipkart’s Amar Nagaram has been named as the head of Myntra and Jabong.
Ananth Narayanan steps down as Myntra-Jabong CEO to pursue foreign opportunities; Amar Nagaram takes over
•In a statement, Myntra said Narayanan has decided to step down as CEO of Myntra and Jabong to pursue external opportunities.
After Binny Bansal's exit, at least 20 executives at Flipkart may step down; Myntra-Jabong CEO Ananth Narayanan to continue
Fp Staff •Bengaluru-based Myntra, which was bought by Flipkart in 2014, could also see a job cut of up to 500 people
Myntra-Jabong CEO Ananth Narayanan may step down following changes in reporting structure at Flipkart
Fp Staff •Kalyan Krishnamurthy will continue to be CEO of Flipkart, which will now include Myntra and Jabong, continuing to operate as separate platforms within the Flipkart business
Flipkart CEO Binny Bansal resigns following probe into personal misconduct
•Walmart earlier this year agreed to pay $16 billion for a roughly 77 percent stake in Flipkart.
Walmart offer: Flipkart employees to turn millionaires as US retail giant to buy ESOPs worth $800 mn
•Last December, Flipkart had bought back ESOPs worth over $100 million from over 3,000 current and former employees as well as its other units, such as Myntra, Jabong and PhonePe.
Amazon brings support for Hindi to its mobile website and app for Android phones
•Among Flipkart, Snapdeal, or Paytm Mall, Amazon is the first e-commerce platform to support Hindi.
Walmart to pay $16 bn for Flipkart: CEO Doug McMillon says India is a priority market for US retail giant
Ians •The record deal will also give Walmart an opportunity to partner with the local leader in growing market, as the e-tailer's leadership team will be supported by investment and technology partners.
Walmart announces 77 percent stake in Flipkart which is expected to boost its growth
•The deal, under which co-founder Sachin Bansal and Japan's Softbank Corp Group are exiting, values Flipkart at USD 20.8 billion.
Flipkart is yet to finalise the Walmart deal, awaiting resolution of taxing related concerns
•Flipkart’s board had “in-principle” approved engaging with Walmart based on the terms of an offer before them, taxation related concerns and a few other issues need to be resolved.