Flipkart buys jabong

In 2009, Tiger Global’s Lee Fixel (right) agreed to give as much as $10 million to Flipkart co-founders Binny and Sachin Bansal (left), impressed by their passion and ambition. Photo: Mint and Linkedin<br />

Flipkart’s godfather in New York

18 min read . 29 Jul 2016
Rocket Internet’s crown jewel Jabong was bought by Flipkart at a ridiculously low valuation of $70 million, 95% lower than the $1.2 billion which it was asking for a little more than a year ago. Photo: Reuters<br />