Rocket-Backed Jabong Fashion Site Sold to Indian Rival Flipkart

Updated on
  • Jabong has struggled to compete with Flipkart’s Myntra, Amazon
  • Rocket’s Global Fashion Group to focus on other markets

Flipkart Ltd. will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business.

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