Company - Jabong.com
founder-
Manu Kumar Jain(IN 2021, Now CEO of Xiaomi India)
Praveen Sinha,
Lakshmi Potluri,
Arun Chandra Mohan
Industries - fashion e-commerce
Type of Work - Instead of keeping the inventory sold by enlisted vendors, Jabong.com acts as an online mall where the customer can access products sold by all the partners.
The portal sold apparel, footwear, fashion accessories, beauty products, fragrances, home accessories, and other fashion and lifestyle products.
Founded Date - 1881
Closed Date - 2016 acquired by Flipkart, in 2019 jobong close his operation by Wallmart the parent company of Flipkart.
Location - India
Funding acquired - 70 million us dollars by Flipkart
Achievement:- Jabong.com was the third-most visited digital shopping portal right after its rival-later-acquirer Myntra.com and Flipkart.com in India in less than 20 months.
In March 2013, Jabong.com ranked 44th in India by Alexa Traffic and
10th Google Zeitgeist India in 2012.
Business Status - integrated with the parent company in 2020
Reason for Failure - Due to the unprofitable investment on Jabong.com it integrated with the parent company so the old business close down.
After failure pivot or next plan-
2016 Flipkart acquired Jabong through its unit Myntra for about $70 million. In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform Myntra.
jabong completely close down.
After failure founder:- Manu Kumar Jain join Xiaomi as ceo of india .
Note-
good exit.
Source: Wikipedia