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Post devaluation, Quikr is no longer a unicorn

Major shareholder Kinnevik, a Swedish investment firm, devalued Quikr by 45%, referring to the exaggerated revenue resulting from fraudulent transactions that rocked the company. Quikr is now......

How Flipkart pipped Snapdeal to bag Jabong

It took Flipkart a little over 24 hours to complete due diligence and come up with a final offer that was $20 million higher than what Snapdeal was ready to forfeit.     How did the......

Myntra acquires Jabong from Global Fashion Group

  'The acquisition of Jabong is a natural step in our journey to be India's largest fashion platform.' Flipkart-owned Myntra on Tuesday said it has acquired Jabong from Global Fashion Group......

Amazon in talks to buy Jabong for $1.2 bn

Image: Amazon CEO Jeff Bezos at a press conference.Photoghraph: David McNew/Getty Images In its first acquisition in India, American online retail giant Amazon is planning to buy out fashion......

A bumper Diwali for second-hand goods online

With aggressive brand-building initiatives, the  companies’ advertising budgets ahead of Diwali is understood to have seen a 15% spike It is not just the e-commerce majors like Flipkart,......

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