Going, Going…Jabong The Rise, Fall, And Sale Of Jabong Is The Future For Many Other Indian Startups

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There was a time when Jabong was such a sought-after startup that some were even willing to pay $1.2 billion for it. On July 26, e-commerce major Flipkart acquired Jabong for $70 million—lesser than any of the bids reportedly made for it in the last two years.

The pace of consolidation may accelerate as the bigger players seek to pick up smaller ones before a rival does, said Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound Knowledge Group. It’s a “land-grabbing phase,” Gogia said.

Source: Quartz