Jabong, the crown's jewel for Rocket Internet

Indian online fashion retailer Jabong was worth as much as 388 million euros at the end of last year, making it one

of the most valuable companies owned by Germany-based e-commerce group Rocket Internet.

As reported by local media, Jabong is among the top six most valuable companies in Rocket’s portfolio, according to share sale documents filed by Rocket Internet.

Although Rocket has not provided a valuation of Jabong recently, the German Internet companies incubator filed in papers for its recent floatation stating the value of its Indian e-tailer at 388 million euros.

As pointed out by ‘Mdianama’, about the 62 percent of online fashion store Jabong‘s revenues came from Tier-2 and Tier-3 cities in Q2-FY14. This is probably due to lack of access to premium products in offline stores, especially in apparel category which tends to be available only in Tier 1 cities.