E-commerce giant Snapdeal to acquire Jabong: Breaking News

New Delhi: E-commerce giant Snapdeal is mulling to acquire Fashion and lifestyle portal Jabong, Snapdeal's CEO Kunal Bahl told a tv channel in an exclusive interview. Bahl said that the company is evaluating the deal and the final decision will be taken in the coming 2-3 months. While Flipkart's acquisition of Myntra has strengthened its presence in online fashion retailing, Snapdeal is yet to find a partner in the segment. According to sources, Jabong has begun considering stake sale following a rapid rise in losses over some time now.

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