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Posts Tagged ‘ Myntra ’

Myntra set to invest in 10 fashion brands with accelerator programme

Friday, March 17, 2017 | More »

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Flipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle. “We have already closed term sheets with three of them and will soon complete it with the rest. Ma...

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Myntra and Jabong to integrate back end, logistics functions

Flipkart-backed Myntra and Jabong will share the same logistics infrastructure by bringing together their back end and supply chain functions, a report in a financial daily stated. “Myntra logistics will also be one of the partners for Jabong which already uses Ekart for shipping,” The Economic ...

17 March, 2017 | More »

Myntra launches first offline store in Bengaluru to push private label brand

Myntra launches first offline store in Bengaluru to push private label brand

Nearly seven months after Myntra announced its intent to go offline, the Flipkart-backed online fashion and lifestyle e-tailer has launched its first offline store in Bengaluru. The 4,000 sq ft store, which will be open to the public tomorrow, would be an exclusive store for what Myntra claims to be...

16 March, 2017 | More »

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Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft C...

22 February, 2017 | More »

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Two more senior execs leave Flipkart

India’s largest e-commerce marketplace Flipkart has suffered another bout of senior-level exits at its engineering team, a national daily reported on Friday. Citing unnamed people aware of the development, The Times of India reported that Ashish Gupta, vice president, engineering, and Ashish Vikra...

10 February, 2017 | More »

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Snapdeal loses yet another long-timer as Grabbon co-founder Tony Navin quits

Tony Navin, Snapdeal’s head of partnerships and strategic initiatives and one of its oldest employees, has quit the company, a national daily reported on Thursday. Navin’s exit comes just three days after the home-grown e-commerce company’s head of corporate development Abhishek Kumar and ...

10 February, 2017 | More »

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Myntra CMO Gunjan Soni to lead Jabong

Myntra’s chief marketing officer Gunjan Soni has been appointed head of Jabong, a company statement said on Thursday. Soni is a management graduate from XLRI Jamshedpur who is credited with building ‘End of Reason Sale’, one of Myntra’s key revenue driving events. She has also worked wit...

9 February, 2017 | More »

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Flipkart’s Sachin Bansal reiterates stand on ‘level playing field’ for local cos

E-commerce giant Flipkart’s co-founder Sachin Bansal has re-ignited the debate around a “level playing field” for Indian startups, saying it is essential to ensure that local companies don’t get “prematurely killed” by foreign competition. “Indian companies can and they...

9 February, 2017 | More »

L to R: Abhishek Kumar and Sandeep Komaravelly

Snapdeal sees two more senior-level exits

Snapdeal’s head of corporate development Abhishek Kumar and senior vice president Sandeep Komaravelly have quit the home-grown e-commerce company, a financial daily reported on Tuesday. Kumar, an alumnus of Indian School of Business, had joined Jasper Infotech Pvt Ltd-owned Snapdeal in 2014 fr...

7 February, 2017 | More »

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Myntra clocks sales of Rs 850 crore in January

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...

6 February, 2017 | More »

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