Jabong, an online e-commerce started in 2012 by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan, is now owned by flipkart. In 2016, the acquisition of Jabong took place through the unit of Flipkart, Myntra for $70 Million, a fire-deal which made many big fashion companies sweat. And, as soon as the it got acquired, the old CEO of the company was replaced by the new CEO, Ananth Narayanan. The company follows two models - Inventory and Managed Marketing Model.
The fashion giant succeeded in scoring mark over amazon, in four months from its launch. During Great Online Shopping Festival in 2013, it was once the most visited e-commerce website and the revenue increased almost six times compared to the usual daily routine. As per ComScore reports in 2012, within few months of its launch, it had second largest traffic among all the e-commerce websites in India. In 2013, the website ranked 37 in India according to Alexa Ranking. And, once was among the topmost 10 searched terms in Google Zeitgeist India Trends. Stardom of Jabong also had International Online shopping store Jabongworld.com, which was shut down later in 2016 and had a long list of countries generating traffic to it among which, US holds the topmost position, followed by Malaysia and Mauritius and other countries.
It deals with the selling of casual shoes for men and women, sports shoes for men, formal shoes for men, canvas shoes, running shoes, ethnic wear like designer sarees, anarkali suits, punjabi suits, salwar suit, wedding saree, salwar, kurta pajama, sherwani for men, ethnic wear for men, wedding dresses for men, ladies shoes, women shoes, t-shirts for men, t-shirts for women, shorts for men, cargo pants, in gold jewellery it has earrings, diamond rings, gold earrings, diamond earrings, bridal jewellery, decor and, furniture.
It presently has 1000 brands and alomost 90K products. HRX, the sports and lifestyle brand by Hrithik Roshan is also a part of Jabong's online selling store now. For marketing campaigns with bollywood stars and astonishing designers, Jabong has always been in news. It is also in partnership with Stylista and some other Indian Designers collection like Wendell Rodricks, Priyadarshini Rao, Nishika Lulla. It also launched "Gear up Buddy", a digital fitness campaign along with Puma and has also partnered with Lakme Fashion Week, designer Rohit Pal for their collection. A fashion week was also launched by Jabong in 2014, featuring Yami Gautam as one of the mentors for young and aspiring models, stylists and, photographers. The Juice, a monthly fashion magazine, launched in April, 2014 by Jabong covered ample stories and features around fashion, beauty, travel, pop culture, and trends.
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