Jabong parent ups fundraising round by $33 mn

clothes-by-shah-junaid2Global Fashion Group (GFG), the parent of loss-making Indian fashion portal Jabong, has added €30 million ($33 million or Rs 222 crore) to its latest fundraise to take the total amount secured from its existing investors to €330 million ($364 million). Germany’s Rocket Internet SE invested €68 million and Swedish investment firm Kinnevik put in […]

Read more

Jabong revenue grows in Q1 as losses shrink

Jabong_feRocket Internet-incubated fashion e-commerce venture Jabong that hit a speed bump in the second half of 2015 has begun the new year with a marked improvement in performance while simultaneously cutting down operating loss. The firm posted its best transaction volumes, net revenue and gross merchandise value (GMV) since October-December 2014 (the firm stated that […]

Read more

Launching five micro-sites, will enable direct transactions & facilitate logistics too: Pranay Chulet, CEO, Quikr

Online classifieds venture Quikr has just closed a fresh funding round raising $150 million from existing investors Tiger Global and Sweden’s Kinnevik besides a new investor Steadview Capital Management. It is now planning to launch micro-sites for five sectors in which its users already post ads—real estate, automobile, jobs, services and goods. Techcircle.in caught up […]

Read more

Launching five micro-sites, will enable direct transactions & facilitate logistics too: Pranay Chulet, CEO, Quikr

Online classifieds venture Quikr has just closed a fresh round raising $150 million from existing investors Tiger Global and Sweden’s Kinnevik besides a new investor Steadview Capital Management. It is now planning to launch micro-sites for five sectors in which its users already post ads — real estate, automobile, jobs, services and goods. Techcircle.in caught […]

Read more