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Jabong to raise $100 million

Funding will come from CDC

Tags: retail, retailer, news, Jabong

February 06, 2014  |  comments ( 1 )  | 
Jabong to raise $100 million

Online fashion retailer Jabong is all set to raise equity funding worth Rs 628 crore, of which Rs 173 crore will come from British development finance institution – CDC.

In this fresh round of funding that has just completed, CDC has picked up an undisclosed stake in the Gurgaon-based venture, which was incubated by Germany's Rocket Internet.

The CDC investment in Jabong is the latest in a series of transactions in India's online commerce industry over the past eight months.

In a public statement, Rhyddid Carter, spokesman for CDC, has said, "Our investment in Jabong will result in the creation of thousands of direct and indirect jobs throughout the supply chain and distribution network."

 


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SHANKAR July 25, 2014 at 6:33 pm

Dear JABONG TEAM, This is Shankar, we have an office space of 1000 sq ft. we are trying to reach you but we are getting all fake information regarding taking up your esteemed online shopping site franchise. I know this is not a right way to communicate with you people, but i don\'t have any other option. We request you to help us in taking up your franchise in Bangalore. Even we contacted GO JAVAS, but the response was really shocking, we never expected such response it was really bad. We are from reputed organization called \"C4 TECHNOLOGIES\" located in Bangalore. Address as follows #1697/32,2ND FLOOR, DR.Rajkumar Road,Prakashnagar, Bangalore-21 website:WWW.c4technologies.in email:shankar@c4technologies.in contact details:+91 81052 87704,+91 99645 69935 Ccontact person:Shankar, Purushotham we are looking forward to your response thanks & regards C4 TECHNOLOGIES TEAM

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