E-commerce giant Snapdeal to acquire Jabong?

Zee Media Bureau

New Delhi: E-commerce giant Snapdeal is mulling to acquire Fashion and lifestyle portal Jabong, Snapdeal's CEO Kunal Bahl told a tv channel in an exclusive interview.

Bahl said that the company is evaluating the deal and the final decision will be taken in the coming 2-3 months.

While Flipkart's acquisition of Myntra has strengthened its presence in online fashion retailing, Snapdeal is yet to find a partner in the segment.

According to sources, Jabong has begun considering stake sale following a rapid rise in losses over some time now.