Online Fashion Marketplace Jabong Poaches Snapdeal Head Of Strategy Ranjan Kant Former Lifestyle
Online fashion marketplace Jabong has appointed Ranjan Kant as its chief marketplace officer and Kalyan Kumar as the head of merchandise, in order to beef up the company's top management which was left in lurch when both key cofounders Praveen Sinha and Arun Chandra Mohan quit this year amid speculation that the company is on the block.
Ranjan Kant was working with Alibaba Softbank backed online marketplace Snapdeal as head of strategy and according to his Linkedin profile he was with the company for one year.Kalyan Kumar was the chief operating officer of Landmark's Splash Fashion unit and had quit the company in July last year.
Recently Sanjeev Mohanty joined Jabong as CEO and managing director from Italian fashion brand Benetton, which runs Jabong, posted a loss of Rs 43.6 crore on sales of Rs 1082.9 crore, as per a Registrar of Companies filing. A year ago, it had sales of Rs527 crore with a net loss of Rs16.6 crore. Sales of the company, incorporated four years ago, amount to a third that of Shoppers Stop, India's largest department store chain started 25 years ago.
Jabong, which was started in a one-room office at Golf Course Road, Gurgaon, in December 2011 is now part of Global Fashion Group portfolio, a subsidiary of German online business developer Rocket Internet.