Bamarang, an online venture by Rocket Internet founders Samwer brothers, is going to close down, reports BusinessWeek. Bamarang is a fab.com clone, and offers products ranging from accessories to shoes, furniture, posters, necklaces. Readers should note that there is an Indian website for Bamarang - Bamarang.in, which has only recently been launched. Of course, this doesn't mean that groups other businesses are being rolled back (yet): Mark, Oliver and Alexander Samwer owned Rocket Internet has been aggressively launching clones of various successful businesses, and they entered the Indian market in 2011 end with the launch of Jabong, a clone of US based Zappos. Other ventures in India from the group include Heaven and Home and Fab Furnish. Their modus operandi is to replicate successful (or potentially successful) businesses models and aggressively scale them: Bamarang was launched globally in January this…
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