Jabong Parent Gets EUR 300 Million in Funding From Rocket Internet

Global Fashion Group (GFG), parent company of online fashion portal Jabong, has secured a funding of EUR 300 million (about Rs. 2,282 crores) from Rocket Internet. While the German tech startup investor Rocket Internet will underwrite around EUR 100 million (about Rs. 760.7 crores) of the financing, it will invest around EUR 85 million (about…

Sony Says Sold 40 Million PS4 Consoles Globally

Sony’s latest financial earnings revealed that the company sold 40 million PS4s. The last statement from the company earlier in the year said it sold over 35 million. Furthermore, it has also said that it made JPY 529 million (roughly Rs. 33 crores) from digital sales alone. If you were looking for information on the…