Amazon is in talks with Rocket Internet-backed Jabong over an acquisition that would value it at between $1.1bn and $1.2bn.
E-commerce company Amazon has concluded the first round of talks to acquire India-based fashion and lifestyle online retailer Jabong.com for $1.1bn to $1.2bn, VCCircle reported yesterday.
The acquisition would provide exits to corporate-backed venture firm and incubator Rocket Internet, which incubated Jabong, investment firm Kinnevik, which holds a 25% stake, and UK government-backed institution CDC Group, which invested $27.5m in series B funding in the company in January this year.
News of the deal comes two months after Kinnevik and…
