Fresh cash for Indian e-tailer

Rocket Internet-backed Jabong has raised $100 million in funding from investors including CDC Group of Britain.

Jabong is an online store selling men’s, women’s and children’s clothing and home furnishings in India.

The proceeds will be used to strengthen its supply chain infrastructure and technology platform.

“Our investment in Jabong will result in the creation of thousands of direct and indirect jobs throughout the supply chain and distribution network,” said Rhyddid Carter, spokesman for CDC.

Jabong is believed to have generated about $100 million to $150 million sales for the 2012-13 fiscal year.

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