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Flipkart ex-CPO Punit Soni thinks Myntra has played a ‘Killer Game’

Saikat PyneJul 26, 2016, 16:37 IST

Flipkart’s former Chief Product Officer Punit Soni thinks Flipkart-owned Myntra’s Jabong acquisition is a ‘guaranteed win’. The former Flipkart executive tweeted saying:

This comes hours after home-grown e-commerce giant Flipkart announced its company Myntra has acquired Jabong. The deal is estimated at around $70 million.

Sachin Bansal, the Executive chairman of Flipkart officially announced the arrival of Jabong into the Flipkart family. He tweeted,

Binny Bansal, the CEO of Flipkart said

Jabong has been up for sale for a while now. Flipkart has piped the lies of Future Group, Kunal Bahl’s Snapdeal and Aditya Birla-owned Abof to acquire it.

After this deal, Myntra and Jabong will have a combined base of 15 million monthly active users, and an assortment of global brands exclusive to both the platforms. That might work in the deal's favor.

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