Top 10 Online Companies by Valuation in India 2015
Posted in Top Brand Lists, Total Reads: 2234
Headquartered in Gurgaon, Jabong.com is a fashion and lifestyle portal for men, women and kids.
It is selling apparel, footwear, fashion accessories, beauty products, fragrances, home accessories and other fashion and lifestyle products. Founded in the year 2012, it was started by Arun Chandra Mohan, Praveen Sinha, and Lakshmi Potluri after which Manu Jain, and Mukul Bafana came into the organization. One of the fastest growing ecommerce companies in India, in March 2013, Jabong was shipping 6000-7000 orders per day. It was also one of the most visited ecommerce lifestyle sites during the Great Online Shopping Festival in the year 2013. Jabong has also launched the first official NBA online store in India in collaboration with NBA. The company follows a strategy mix of an inventory model and a managed marketplace model. The company won the "Online Retailer of the Year" award in the first Indian e-commerce industry awards. In November 2014, there were rumors that Amazon might acquire Jabong in a deal amount worth $1-1.2B, however, the same has not developed further.