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Myntra’s sales growth slows to 38% in FY16, losses widen

Friday, December 30, 2016 | More »

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Flipkart-owned fashion e-tailer Myntra posted a revenue of Rs 1,069 crore for FY16, registering 38% year-on-year growth. Losses widened by nearly 10% from Rs 741 crore to Rs 816 crore, according to a report in the Mint newspaper citing regulatory filings. The sales growth of 38% was a sharp fall fro...

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Myntra in talks with Azim Premji’s investment arm and others for fresh funding

Wipro chairman Azim Premji’s investment firm PremjiInvest and British fund-of-funds CDC are in talks invest around $50 million in Bangalore-based Myntra Designs Pvt Ltd, which runs fashion and lifestyle ecom venture Myntra.com, according to The Times of India. The report quoting sources said Pre...

19 November, 2013 | More »