Indian e-commerce industry, Flipkart-owned Myntra has acquired one of its biggest rivals Jabong. With the acquisition of Rocket Internet’s Jabong for $70 million, Flipkart now has almost over 50% of India’s fashion retail market. The fashion and apparel segment not only enjoys the highest gross margins globally, but is also among the fastest-growing segment among all e-commerce businesses. Welcoming Jabong to […]
» Read moreApple CEO Tim Cook has said the tech giant is “looking forward” to setting up retail stores in India to tap into the booming smartphone market in India. “India is now one of our fastest growing markets. In the first three quarters of this fiscal year, our iPhone sales in India were up 51 per cent year-on-year,” Apple CEO Tim […]
» Read moreMicroblogging website Twitter awarded Avinash Singh, an Indian-origin White Hat hacker, $10,080 for discovering a security loophole in its Vine video-sharing service. The flaw enabled Singh to access the entire cache of Vine’s online code. Avinash Singh reported the security loophole to Twitter in March and was awarded with $10,080, through a bug bounty startup called HackerOne.
» Read moreNelsonHall has today launched its 2016 Software Testing NEAT, a strategic tool to assist sourcing managers in assessing vendor capability in software testing, while cutting the time and cost of testing projects by 50%. This NelsonHall Vendor Evaluation & Assessment Tool (NEAT) is now available to NelsonHall clients and is also available for a period free-of-charge to buy-side organizations through […]
» Read moreMaidenhead, UK. – July 26, 2016 – The enterprise software marketplace is undergoing a massive transformation as the pricing and licensing models dictating how software is bought and sold evolve. Fueled in part by shifts in customer demand and in part by rapidly changing technology, some software application vendors are poised to reap windfall profits from the new software pricing […]
» Read moreFlipkart-owned Myntra today said it has acquired Jabong from Global Fashion Group for an undisclosed amount, a move that will mark further consolidation in India’s booming e-commerce industry. Myntra, which itself was acquired by Flipkart in 2014 in an estimated Rs 2,000 crore deal, will have access to a combined base of 15 million monthly active users. No financial details […]
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