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Posts Tagged ‘ GMV ’

Forest fire blazing through Indian startup ecosystem: Inventus’ Kanwal Rekhi

Wednesday, March 1, 2017 | More »

Kanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India’s e-commerce companies. At the News Corp VCCircle LP Summit 2017 in Mumbai, he was in sublime form, mincing no words when quizzed about issues p...


The next big disruption is coming

‘Discipline’ was the defining word for the venture capital community in 2016. Even as early stage investments kept pace throughout the year, the number of late-stage VC funded startups reduced substantially. According to VCCEdge data, VC firms invested $1,355 million across 928 deals in 2016 as ...

16 January, 2017 | More »


Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labe...

22 August, 2016 | More »


Myntra’s cash burn higher than Jabong’s in FY15

Rocket Internet-controlled fashion e-commerce venture Jabong, which has been on the block for over a year now, was bigger as a ‘marketplace’ compared with Flipkart-owned Myntra in the year ended 31 March 2015 even as the latter burnt more money. Regulatory filings show that Myntra’...

11 July, 2016 | More »


Jabong revenue grows in Q1 as losses shrink

Rocket Internet-incubated fashion e-commerce venture Jabong that hit a speed bump in the second half of 2015 has begun the new year with a marked improvement in performance while simultaneously cutting down operating loss. The firm posted its best transaction volumes, net revenue and gross merchandi...

31 May, 2016 | More »


Online sales of physical goods to grow to $8.5B in 2016 from $2B in 2013: Accel Partners

Women-influenced online sales in India will grow 5x in the next three years, mainly due to growth in the supply of women-specific categories like jewellery, lingerie and motherhood products, according to Accel Partners’ India E-commerce Report 2014. As per the report, 35 per cent of online GMV (gr...

4 April, 2014 | More »


Flipkart says it has hit annual revenue run rate of $1B in GMV

India’s largest consumer e-commerce company Flipkart.com has announced that it hit $1 billion revenue run rate in GMV (gross merchandise value), one year before its target. “In March 2011, we had announced that by 2015 we wanted to hit $1 billion in GMV. At that point in time, our run rate was...

7 March, 2014 | More »


Nutritional supplement e-tailer MyNutraMart going hybrid through franchisee partners

Bangalore-based Melting Pot Concepts Pvt Ltd, the company behind the online nutritional supplement store MyNutraMart.com, opened its first physical store in its home city last month, and now plans to set up 10 more outlets across South India, including Chennai and Hyderabad, by March 2015. The store...

23 January, 2014 | More »


Myntra claims to be clocking monthly GMV of Rs 60Cr; over half from tier II cities

Bangalore-based Myntra Designs Pvt Ltd, which runs the lifestyle e-commerce site Myntra.com, claims to be clocking gross merchandise value (GMV) of Rs 60 crore on a monthly basis. The company was looking to double sales to Rs 800 crore in FY14, and according to Mukesh Bansal, co-founder and CEO, Myn...

9 September, 2013 | More »


Healthkart claiming to do $2M in GMV per month; to set up 8-10 offline stores by year-end

Gurgaon-based startup Bright Lifecare Pvt Ltd, which runs the online health store Healthkart.com and the drug search marketplace called Healthkartplus.com, is claiming to do close to $2 million (Rs 12 crore) in gross merchandising volume (GMV) on a monthly basis or $24 million (Rs 144 crore) annuall...

19 July, 2013 | More »