Search in Indianmoney's WealthPedia

Home News

Read more interesting news from around the globe with Indianmoney App

Google Play
News Image

Myntra absorbs Jabong's remaining employees on its payroll

Friday, May 31, 2019, 11:54 AM

Myntra has announced it will absorb all remaining Jabong employees on its payroll to create a unified workforce. Flipkart-owned Myntra had acquired Jabong for $70 million in 2016. Jabong reportedly had a total of 400 employees in 2018, of which 180 were fired and 100 were absorbed in Myntra after Walmart's $16-billion deal to acquire 77% stake in Flipkart.
News Image

2.5 million buyers shop during Myntra, Jabong special sale

Thursday, December 27, 2018, 9:59 AM

About 2.5 million shoppers ordered eight million products during four days of Myntra and Jabong's special sale from December 22 to 25, a company statement said. "The ninth edition of End of Reason Sale concluded with Myntra and Jabong recording a massive surge in sale and traffic," city-based Flipkart-owned Myntra said in a statement.
News Image

Jabong to fire about 200 employees as it merges with Myntra: Reports

Saturday, November 17, 2018, 7:44 PM

Walmart, new-owner of e-commerce company Flipkart and its other fashion-brands, will lay-off about 200-employees at Jabong and merge the online fashion-retailer with Myntra, media-reports said. Myntra-Jabong CEO Ananth Narayanan confirmed the news of lay-off but said it was just 10% of total-headcount. Narayanan also said that he will continue to head the fashion portals that are in midst of merger of their back-end functions.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Get It now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.