There are many companies are in the list who wanted to buy Jabong , the name added in the list are of Alibaba,  Future Group, Aditiya Birla Filpkart and e- commerce. According to the reports snap deal also is in the racing list but it will not pay a higher cost. Jabong said investors would price of $ 25-30 million but the deal would be expected to be less than this. Jabong was launched under German incubator rocket in 2012.

Berlin’s Rocket Internet spokesperson has declined to comment on this matter, and on the other side Jabong has nothing to say on such kind of rumors, but the executive person of the jabong has said that that Jabong talked with all this companies but there is no final deal has set up till now.  The deal can get green signal around six months.  And according to the reports the executive members of Rocket Internet and Kenevik are in India to talk about the deal.

And if reports to be trusted 10 months before not a single company is ready to by Jabong on ten crore doller but now after improving finical condition of jabong many companies are in race to ready to by it. The country’s three largest online companies Amazon,  Flipkart, and Snapdeal was in loss of Rs. 5052 crore in financial year 2015.

0