Myntra to buy Jabong to boost fashion e-commerce play

myntra_feFlipkart-owned Myntra said on Tuesday it has agreed to acquire main competitor Jabong from Global Fashion Group to create India’s biggest fashion e-tailer. The deal consolidates Flipkart’s position in the Indian e-commerce market and enables Jabong parent Rocket Internet to exit the loss-making venture. The acquisition will also provide Flipkart some much-needed arsenal in its […] [...]

Nike releases open source software to play with the techies

SHANGHAI, CHINA - APRIL 17: Shanghai residents pass by a Nike store on the Nanjing Road shopping street on April 17, 2010 in Shanghai, China. The Shanghai World Expo will be held from May 1 to October 31, 2010 and is expected to attract 70 million visitors. The trade show will be themed 'Better City - Better Life'. (Photo by Feng Li/Getty Images) Nike, the home of all things athletic, is joining the ranks of the programmers with its launch of open source software. Last week, Nike published three open source projects on GitHub: a JSON parsing framework, a distributed tracing solution for Java, and a lightweight logging library written in Swift. The company also open sourced the code that powers its own site on GitHub. While… Read More

Fashion startup 6Degree raises $200K from Indian Angel Network

Indian Angel Network backs fashion startup 6DegreeProtinus Fashion Networking Pvt Ltd, which owns tech-enabled fashion startup 6Degree, has raised $200,000 (Rs 1.3 crore) from the Indian Angel Network. Abhishek Agarwal, the lead investor from the IAN, will join the startup’s board, the company said in a statement. “We are planning to allocate the funds to enhance our technology and expand our […] [...]

Armarium lets you borrow luxury fashion from your smartphone

IMG_0237 A number of startups want to make wearing the latest – and in some cases, luxury – fashion more affordable, including Rent the Runway, Le Tote, Gwynniebee, The Ms. Collection, and others. These companies offer to rent out clothing, instead of selling garments new. Today, welcome the latest to join this crowd: a new on-demand app called Armarium is launching to serve those with… Read More

Fovo wants to help women shop by shape, not size

Screen Shot 2016-04-20 at 1.56.01 PM One of the challenges with clothes shopping online is that it doesn’t mirror the real-world experience where you can try on items for fit. And even though a number of today’s retailers offer free returns, there’s nothing quite as disheartening as ordering a piece online, only to find it won’t work for your body type, size or shape after it arrives. A new startup… Read More

Exclusive: VC-backed lifestyle e-tailer Fashionara shuts shop

Fashionara2Online fashion and lifestyle store, which had raised funding from Lightspeed Venture Partners and Helion Venture Partners, appears to have shut its operations as its website and app are no longer accessible. It couldn’t be ascertained when exactly the company closed its operations. However, co-founder Darpan Munjal left the company in January this year, [...] [...]

Online-to-offline app Fashalot gets seed funding from YourNest, others

Online-to-offlineInnotarget Fashalot Retails Pvt Ltd, which runs location-based fashion and store discovery mobile platform, Fashalot, has raised an undisclosed amount of funds in its pre-Series A funding round, led by YourNest Angel Fund and angel investor Rajul Garg. The new capital will be invested in product development, talent acquisition and business development, it said in [...] [...]