Chennai based Mind Shaper Technologies Pvt Ltd is talking to private equity investors to raise upto $40Mn in it's second round of PE funding. The funds will be used for product development, marketing and sales promotion of teacher learning products.
Myntra, part of the Flipkart Online Services Pvt Ltd, has acquired the online fashion platform Jabong from the Global Fashion Group. The $70 million deal will see the creation of one of the biggest online fashion platforms in India. The combined online retailers will have the distinction of becoming the largest e-commerce marketplace in the country.