Flipkart ex-CPO Punit Soni thinks Myntra has played a ‘Killer Game’
Advertisement
Advertisement
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
Advertisement
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.
Image Source
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- Unemployment among Indian youth is high, but it is transient: RBI MPC member
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market