new Delhi: The e-commerce market is shutting down on Flipkart Jabong and the portal is now redirecting customers to the Myntra web site.
Walmart-owned Flipkart acquired Jabong in 2016 for $ 70 million, however noticed a virtually 13 % drop in app downloads for the model in December 2019, media experiences mentioned on Wednesday.
Earlier in July 2019, Flipkart mentioned that it had began reducing a good portion of its advertising spend in Jabong and was redirecting its customers to Myntra by providing reductions.
According to experiences, the Myntra app noticed a 41.18 % improve in downloads and a 31.87 % improve in each day energetic customers (DAU).
Flipkart acquired the style e-commerce platform Myntra in May 2014. <! –
Soon after the acquisition of Walmart in November 2018, Flipkart merged each Myntra and Jabong, giving 150 workers a job.