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Jabong.com

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Jabong.com
Jabong.com logo.
Type of site
E-commerce
(Online shopping)
Available inEnglish
HeadquartersBengaluru, Karnataka
OwnerFlipkart
URLwww.jabong.com
CommercialYes
RegistrationRequired
Launched2012
Current statusOnline

Jabong.com is an Indian fashion and lifestyle e-commerce portal founded by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan and Manu Jain. The portal sells apparel, footwear, fashion accessories, beauty products, fragrances, home accessories and other fashion and lifestyle products.[2] [3] The company's headquarter is in Gurgaon, NCR.[4]

In July, 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million.

History

It was co-founded by Arun Chandra Mohan, Praveen Sinha, Lakshmi Potluri and Manu Jain. All co-founders have left the company.[5][6][7]

In March 2013, Jabong was dispatching over 6,000 orders a day.[8] According to The Economist, Jabong clocked gross sales of around US $100–150 mn in 2012.[9]

As per a Rocket Internet investor presentation, Jabong had a net revenue of 32.6 million euros in Q1 2016, up 14% from 28.6 million euros in the year-ago period. For FY2015, its revenues were at 122.1 million euros [10]In September 2017, It was reported that Jabong is the 3rd largest global e-commerce partner for Dorothy Perkins.[11]

Profile

Jabong sells shoes, apparel, accessories, home décor and furniture.[12] The e-store at present carries over 1000 brands and over 90,000 products.[13][14] Other products include jewellery and gold coins.[15][16]

Business models

In India E-commerce companies adopted the inventory and a managed marketplace model. Jabong.com follows both business models.[17] In the inventory model, products are sourced from brands and stored in the companies warehouse. In the managed marketplace model, the company provides marketing, logistics and delivery support to its listed merchants.[18][19]

Marketing campaigns

The company launched its first TV campaign in March 2012.[20] Other television campaigns appeared in September 2012 and during 2013 Jabong.[21][22][23][24]

In November 2013 Jabong together with Puma launched the digital fitness campaign “Gear up Buddy” with Bollywood actor Chitrangada Singh.[25][26]

Jabong.com launched the India Online Fashion Week in 2014. The event was described as a platform for young and aspiring designers, stylists, models and photographers who were mentored by fashion industry experts including celebrity mentor Yami Gautam.[27]

Jabong.com launched a monthly fashion magazine "The Juice" in April, 2014. The magazine covers stories and features around fashion, beauty, people, trends, travel and pop culture.[28][29]₴₭

Partnerships

In May 2013 Jabong presented a fashion collection based on the Bollywood movie Yeh Jawaani Hai Deewani. Jabong showcased the fashion apparel used in the movie by the movie stars.[30][31]

In November 2012, Jabong.com and cricket equipment maker SG Cricket presented a range of Virender Sehwag cricket bats.

In July 2013 Jabong associated with Bollywood again through the movie Bhaag Milkha Bhaag and offered a collection inspired by the movie.[32][33]

In 2014, Jabong partnered with Humpty Sharma Ki Dulhania[34]

In October 2014, it was reported that Amazon was in the initial talks to acquire Jabong,[35] but no take over deal happened and none of the party confirmed the reasons.

As noted by Business Standard, Jabong added International brands to its catalogue. The brands include Dorothy Perkins, Miss Selfridge and River Island along with the Spanish brand Mango.[36][37][38][39] In November 2013, Jabong entered into a partnership with the brand Jack & Jones, to sell merchandise for the band Above & Beyond.[40][41]

In July 2016, Jabong was acquired by Myntra, subsidiary of Flipkart for an undisclosed amount.[42]

Online traffic

According to a ComScore report of September 2012, Jabong.com had the second highest amount of traffic on its website, among Indian e-commerce websites, within a few months of its launch.[43] In November 2013, Jabong.com held an Alexa Traffic ranking of 37 in India.[44] Jabong also ranked 10th in Google Zeitgeist India trends making it the 10th most searched term in 2012 in India.[45]

International store

Jabong also has an international online shopping store called Jabongworld.com, which receives its highest amount of traffic from the United States, closely followed by Malaysia and Mauritius and other countries. [46]

Jabongworld.com was later shut down in mid 2016.

Awards and recognition

According to The Brand Trust Report India Study - 2013 by Trust Research Advisory, Jabong ranked among the top 25 trusted Online brands in India.[47]

Year Association Category Nominee(s) Result
2017 Diversity in Media Awards Marketing Campaign of the Year Be You Nominated

See also

References

  1. ^ "Jabong.com Site Info". Alexa Internet. Retrieved 2016-07-16.
  2. ^ "Excl: Groupon promoters to launch new e-commerce biz". The Times of India. Retrieved 2011-11-15.
  3. ^ "Indian Online Retailer Flipkart Raises $200 Million". WSJ. Retrieved 2013-07-11.
  4. ^ "India absent in top global e-tailing market rankings". Livemint.com. Retrieved 2011-11-22.
  5. ^ "Jabong bangs into top rung of Indian e-commerce; Can it sustain?". Techcircle.com. Retrieved 2013-08-01.
  6. ^ "Indian businesses have patience tested over online ventures". BBC. 2012-11-27. Retrieved 2013-11-20.
  7. ^ "Jabong co-founder quits to launch own venture". Retrieved 2014-01-24.
  8. ^ "Myntra's Big Leap Forward". Forbes. Retrieved 2013-11-20.
  9. ^ "Excl: The screen revolution". The Economist. 2013-03-16. Retrieved 2013-05-16.
  10. ^ "Flipkart-owned Myntra acquires Jabong for $70 mn". The Times of India. 2017-05-04. Retrieved 2017-05-04.
  11. ^ Kumar, Meenakshi. "For Dorothy Perkins Jabong is the 3rd largest global e-tailer". Retrieved 2017-10-16.
  12. ^ "Jabong to raise $ 100 million in fresh round of funding". indiatimes.com. Retrieved 2014-02-05.
  13. ^ "Jabong fuels the shopping madness". Best Media info. Retrieved 2013-11-18.
  14. ^ "Must haves for 2013 by Jabong.com". Right Column Media. Retrieved 2013-01-07.
  15. ^ "Browse for the best". New Indian Express. Retrieved 2013-11-21.
  16. ^ "E-shopping for the unusual". Hindustan Times. Retrieved 2013-11-21.
  17. ^ "Excl: Jabong comes up with managed marketplace, to expand it this year". TechCircle.com. Retrieved 2013-06-07.
  18. ^ "How the Rise of Third Party Marketplaces can Alter Indian E-Commerce". Forbes. Retrieved 2013-05-13.
  19. ^ "Jabbing its way to the top". The Financial Express (India). Retrieved 2013-11-20.
  20. ^ "Excl: Now, an online portal with a strange name comes knocking". 4Ps Business & Marketing. Retrieved 2013-02-15.
  21. ^ "Bolder attempts". Hindu Business Line. Retrieved 2013-11-20.
  22. ^ "Jabong.com does a fun take on 'shopaholism'". Best Media Info. Retrieved 2013-04-23.
  23. ^ "Jabong fuels the shopping madness". Best Media Info. Retrieved 2013-11-18.
  24. ^ "Jabong.com invites shopaholics to 'Go Crazy Shopping'". CampaignIndia. Retrieved 2013-11-20.
  25. ^ "Jabong, Puma launch digital fitness campaign with Chitrangada Singh". Financial Express. Retrieved 2013-11-18.
  26. ^ "Chitrangda Singh dazzles Delhiites with her fitness". Times of India. Retrieved 2013-11-20.
  27. ^ "India's first e-fashion week starts July 25". India Today. Retrieved 2014-06-05.
  28. ^ "Jabong launches its fashion magazine, The Juice". Afaqs. Retrieved 2014-05-05.
  29. ^ "Arun Chandra Mohan - The pacemaker". Mint (newspaper). Retrieved 2014-07-05.
  30. ^ "Social media drives 'Yeh Jawaani Hai Deewani' marketing blitz". Exchange4Media. Retrieved 2013-05-07.
  31. ^ "Jabong.com launches Yeh Jawaani Hai Deewani clothes collections". Eventfaqs. Retrieved 2013-11-22.
  32. ^ "Running for eyeballs". Afaqs. Retrieved 2013-11-21.
  33. ^ "'Bhaag Milkha Bhaag' to be promoted through shopping websites". IndianTelevision. Retrieved 2013-12-07.
  34. ^ "Jabong partners with Humpty Sharma Ki Dulhania". Indian Television. Retrieved 2014-05-27.
  35. ^ "Amazon in talks to acquire Jabong; move a counter to Flipkart's Myntra buy?". The Economic Times. Retrieved 16 October 2014.
  36. ^ "Jabong adds to brand count, lead over Myntra". Business Standard. Retrieved 2014-06-26.
  37. ^ "Desigual enters India". Inside Retailing. Retrieved 2013-11-21.
  38. ^ "Myntra inks pact with UK apparel firm Raised on Denim". The Economic Times. 2013-11-13. Retrieved 2013-11-18.
  39. ^ "Jabong partners with fashion designer Rohit Bal to launch exclusive collection from April". The Economic Times. 2014-03-12. Retrieved 2014-03-12.
  40. ^ "Flaunt Above & Beyond merchandise at gigs". Business Standard. Retrieved 2013-12-02.
  41. ^ "Jabong sings international tune with Above & Beyond merchandise". e27.co. Retrieved 2013-12-02.
  42. ^ "Flipkart's Myntra acquires Jabong". Retrieved 2016-07-26.
  43. ^ "Excl: Jabong bangs into top rung of Indian e-commerce; Can it sustain?". Techcircle. Retrieved 2013-08-01.
  44. ^ "Excl: Statistics Summary for jabong.com". Alexa. Retrieved 2013-04-23.
  45. ^ "Excl: 2012 Search Trends India". Google. Retrieved 2013-03-25.
  46. ^ "Excl: Jabong Goes International With Jabongworld.com". MediaNama. Retrieved 2013-02-04.
  47. ^ "Google, Facebook, eBay, Naukri among most trusted internet brands". exchange4media. Retrieved 2013-02-22.

Jabong to launch technology lab for big innovations

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