Flipkart ex-CPO Punit Soni thinks Myntra has played a ‘Killer Game’
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Flipkart’s former Chief Product Officer Punit Soni thinks Flipkart-owned Myntra’s Jabong acquisition is a ‘guaranteed win’. The former Flipkart executive tweeted saying:This comes hours after home-grown e-commerce giant Flipkart announced its company Myntra has acquired Jabong. The deal is estimated at around $70 million.In India, if there is one place where there is a guaranteed win: it's Myntra. They will kill it. They are the big winners.@mukeshbansal06
— punitsoni (@punitsoni) July 26, 2016
Ananth Narayanan is an incredible CEO. @myntra has a killer game and they are going to dominate the mid/high fashion game in India.
— punitsoni (@punitsoni) July 26, 2016
Sachin Bansal, the Executive chairman of Flipkart officially announced the arrival of Jabong into the Flipkart family. He tweeted,
Welcome @JabongIndia to the @Flipkart family. We'll create history together.
— Sachin Bansal (@_sachinbansal) July 26, 2016
Binny Bansal, the CEO of Flipkart said
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Today, @Myntra got bigger! Delighted to welcome @JabongIndia to the @Flipkart group!
— binnybansal (@binnybansal) July 26, 2016
Jabong has been up for sale for a while now. Flipkart has piped the lies of Future Group, Kunal Bahl’s Snapdeal and Aditya Birla-owned Abof to acquire it.
After this deal, Myntra and Jabong will have a combined base of 15 million monthly active users, and an assortment of global brands exclusive to both the platforms. That might work in the deal's favor.
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