E-PaperAb Kinnevik News
Snapdeal, Aditya Birla Group front-runners to buy Jabong
Jabong has expedited sale process as owners AB Kinnevik, Rocket Internet are reluctant to invest more into the company in a gloomy e-commerce market
2 min read4 Jul 2016Global Fashion Group raises $339 million; valuation down 68%
Investor Rocket Internet says it continued to be 'very excited' by the prospects of Global Fashion Group, given its market-leading presence in emerging markets
3 min read28 Apr 2016Jabong in talks with Benetton’s Sanjeev Mohanty for CEO post
The restructuring comes at a time when the largest shareholders in Jabong parent Global Fashion Group, AB Kinnevik and Rocket Internet, continue to look for a potential suitor for selling the e-commerce firm
3 min read28 Oct 2015Jabong’s owner raises €150 million from existing investors
The recent round of funding and acquisition will dilute Rocket Internet's stake in the venture to 21.9% from 23.5%
2 min read2 Jul 2015Quikr raises $150 million from Tiger Global, others
The company will use the money to expand its mobile-based business and categories including cars, real estate, jobs and services
2 min read8 Apr 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared