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Manu Jain, co-founder of Jabong quits; to start his own online venture

Manu Jain, IIT
graduate and co-founder of Gurgaon based e-commerce portal Jabong has moved on
to start his own venture. Part of Germany’s Rocket Internet Group, Jabong was
founded by Arun Chandra Mohan, Praveen Sinha and Lakshmi Potluri and joined
later by Manu Jain as co-founder and managing director.

The
other two co-founders Mohan and Sinha continue to be with the company.

Manu Jain, IIT
graduate and co-founder of Gurgaon based e-commerce portal Jabong has moved on
to start his own venture. Part of Germany’s Rocket Internet Group, Jabong was
founded by Arun Chandra Mohan, Praveen Sinha and Lakshmi Potluri and joined
later by Manu Jain as co-founder and managing director.

The
other two co-founders Mohan and Sinha continue to be with the company.

Confirming
the development to The Financial Express, Jabong.com stated that he had left
the company last week. Details of Jain’s plans remain undisclosed and are
expected to be come out next month.

In
an interview with FE three months back Jain said he believes his best phase is
yet to arrive. He has worked previously with McKinsey & Co for five
years, which he said he did for imbibing the benefits of a process-driven
environment and carefully evaluating business opportunities before taking the
plunge to become an entrepreneur.

As
reported by India Digital Review, a report titled ‘Indian
e-Commerce: Landscape and Trends’ released by internet
analytics company, comScore last year revealed that Jabong (11.6mn) was
the most visited retail website followed by Flipkart  (10.7mn) and Amazon
(10.7mn) in terms of unique visitors.

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