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Jabong appoints Sanjeev Mohanty as MD & CEO

sanjeevmohantyJabong has appointed Sanjeev Mohanty as chief executive officer (CEO) and managing director of the company, effective early December 2015. He will replace Praveen Sinha, the founder of Jabong.

Mohanty has over 20 years of experience in the fashion industry, primarily at Benetton India where he worked for over 11 years including 8 years as managing director. Prior to his role at Benetton India, he worked at Madura Garments as general manager and brand head for SF Jeans and at Levi Strauss as product manager. He also worked as the merchandising manager for Walt Disney in India other than being a senior merchandiser for Arvind Lifestyle Brands.

Leadership changes at Jabong: Note that just last week, Jabong appointed Saurabh Srivastava as the chief marketing officer, replacing Praveen Sinha who also handled marketing activities. The company also recently appointed Sumit Jain as its CTO to replace Sachin Sinha who had joined only in March this year. Sinha himself was appointed to replace former CTO Harsh Kundra, who had left the company in January this year to join Tolexo Online.

In June, it appointed Jai Vohra to head women’s fashion at the platform, replacing Manjula Tiwari. Vohra is also the director and business head for Jabong’s marketplace, before which he was the director of projects for two years. The company also appointed Saurabh Goel as the chief product officer.

Jabong financials: Jabong reported revenues of Rs 410.69 crore in the first half of the year ended June 30, showing a growth of 26.5% from Rs 324.65 crore in the same period last year. The company also reported a gross merchandise value of Rs 719.69 crore a growth of 41.3% y-o-y from Rs 509.48 crore.

Acquisition by Paytm: It was reported last month that Global Fashion Group (GFG) which owns fashion etailer Jabong, was in talks with Paytm to sell the company. AB Kinnevik was also reportedly holding negotiations on behalf of Rocket Internet and the talks were in initial stages with the company being valued at around $500- 800 million.

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