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Posts Tagged ‘ Myntra Designs Pvt. Ltd. ’

Myntra clocks sales of Rs 850 crore in January

Monday, February 6, 2017 | More »

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Flipkart-owned Myntra registered sales of over Rs 850 crore ($126 million) in January, including those from its recently acquired unit Jabong, a financial daily reported on Monday. Buoyed by its ‘End of Reason Sale’, the online fashion retailer hit an annual revenue run rate of $1.6 bill...

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Myntra adds three new sellers to comply with FDI norms

With the deadline for compliance with foreign direct investment (FDI) norms approaching, Flipkart-owned Myntra has added three new sellers on its platform to reduce its dependence on Vector E-commerce Pvt Ltd, the biggest seller on the fashion e-tailer. A report in the Mint newspaper said, citing tw...

20 January, 2017 | More »

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Myntra’s Vector E-commerce back in red as FY16 revenue rises 40%

Vector E-commerce Pvt Ltd, the biggest seller on online fashion marketplace Myntra, posted a loss of Rs 8.72 crore in FY16 after turning a profit in the last two financial years, filings with the Registrar of Companies (RoC) show. Profit after tax stood at around Rs 6.5 lakh in FY15. Revenue, howeve...

19 January, 2017 | More »

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Myntra acqui-hires Cubeit to expand technology team

Flipkart owned lifestyle e-commerce venture Myntra Designs Pvt. Ltd has acquired mobile-based content aggregation platform Cubeit for an undisclosed amount. The team at Bangalore-based Cubeit has been inducted into Myntra to strengthen and expand its technology team, the company said in a statement....

11 July, 2016 | More »

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Myntra hires ex-Amazon India executive Manpreet Ratia as chief people officer

Flipkart-owned fashion e-commerce venture Myntra Designs Pvt Ltd has roped in former Amazon India executive Manpreet Ratia as chief people officer and head of new initiatives. Ratia will spearhead key HR initiatives and oversee talent acquisition and retention across verticals. He will also be respo...

2 June, 2016 | More »

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Jabong claims to match Myntra in GMV last month

Rocket Internet-incubated fashion e-commerce venture Jabong said it is growing its net revenue and gross merchandise value (GMV) at a quick pace while keeping cash burn low and that it will start making profits before any of its close rivals. Jade eServices Pvt Ltd, which runs Jabong in India, said ...

3 February, 2016 | More »

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Roadster beats Nike as Myntra strives to push private labels

Online fashion retailer Myntra’s efforts to increase the contribution of private labels to its sales seem to be proving harder than it initially thought. Private labels accounted for about 20 per cent of the company’s gross sales in 2015, the Flipkart unit said on Thursday. This is almost the sa...

28 January, 2016 | More »

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Exclusive: Myntra, Livspace founders back car service booking platform Pitstop

Bangalore-based Chatpay Commerce Pvt Ltd, a venture floated by co-founder of AngelPrime-backed kids apparel firm Unamia that had shut in 2014, has raised an undisclosed amount in angel funding from founders of Myntra and Livspace for its online car servicing platform Pitstop. Founded by IITians Mihi...

6 January, 2016 | More »

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Exclusive: Rubique hires former Myntra, Reliance Jio executives to bolster top deck

Rubique, an online marketplace for financial products for individuals and small and medium businesses, is strengthening its top management as it prepares to expand operations after raising $3 million (Rs 20 crore) in Series A funding recently. The company has appointed former Myntra executive Anadi ...

22 December, 2015 | More »

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Myntra GMV now around $500M, says CEO

Online fashion retailer Myntra closed the second quarter of the financial year with annualized gross merchandise value (GMV) of around $500 million and 66 per cent growth in top line, helped by lower discounts, the CEO of the Flipkart unit said on Monday. “Our GMV is around $500 million. Our plan ...

7 December, 2015 | More »

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