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Posts Tagged ‘ Myntra ’

Myntra targets $2 bn revenue run rate, profitability in FY18

Thursday, December 1, 2016 | More »

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Flipkart-owned online fashion retailer Myntra said the company has crossed $1 billion in annualised run rate riding on an impressive 80% year-on-year growth, thanks to the $70 million acquisition of Rocket Internet-backed rival Jabong and the peak selling festive season sale events. “This year has...

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Ajit Narayanan is the new CTO of Flipkart-owned Myntra

Bengaluru-based fashion e-tailer Myntra Designs Pvt Ltd’s chief technology and product officer Shamik Sharma has moved on to an advisory role and Ajit Narayanan has been appointed as the new CTO of the Flipkart-owned firm. Narayanan was formerly the head of engineering at the Mukesh Bansal-founded...

28 November, 2016 | More »

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Flipkart may hire I-bankers to raise funds

India’s biggest e-commerce marketplace Flipkart India Pvt. Ltd is reportedly in talks with several investment banks, including the US-based Goldman Sachs Group Inc. to attract investors for a new round of funding. In a report, the Mint on Friday said that the Bangalore-based company “is now cons...

25 November, 2016 | More »

Koovs

Fashion e-tailer Koovs raises $13.5 mn

Koovs plc, the UK-based parent of Indian lifestyle e-tailer Koovs.com, said on Wednesday it has raised £10.9 million ($13.5 million, or Rs 92 crore) from existing and new investors including media house Times Group. Times Group invested £3.9 million, Koovs said in a statement. The company also has...

16 November, 2016 | More »

IDG

IDG in advanced talks to sell itself to Chinese investor group: report

US-based publishing and investor group International Data Group Inc. (IDG) is in advanced talks with a Chinese investor group to sell itself for over $1 billion. The investor group is led by IDG of Greater China chairman Hugo Shong, according to a Reuters report on Tuesday, citing unnamed sources. T...

15 November, 2016 | More »

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Jabong sees top-level exits three months after Flipkart buy

Bengaluru-based fashion marketplace Jabong’s chief marketplace officer and head of human resources have quit the firm, just three months after it was bought out by Flipkart’s fashion and lifestyle brand Myntra. “Chief marketplace officer Ranjan Kant and HR head Deepa Chadha have both decided t...

11 November, 2016 | More »

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Amazon hikes seller commission charges for some categories

Just as Flipkart claims victory over Amazon in terms of sales in the festive month of October, the Indian arm of the US-based retail giant has made a strategic move to raise the commission charges from sellers for categories like electronic devices and automotive accessories. In its latest revision ...

5 November, 2016 | More »

Amazon-Flipkart

Amazon offers better customer experience than Flipkart: Forrester report

The Indian arm of the US-based online retailer Amazon has been able to offer better customer experience (CX) than its home-grown rival Flipkart in the Indian market where the two ecommerce marketplaces have long been engaged in an intense battle for supremacy, according to a report by Forrester. Acc...

3 November, 2016 | More »

Flipkart

Flipkart claims victory over Amazon in October sales

Home grown e-commerce giant Flipkart claims that it has beaten global heavyweight Amazon in terms of sales in the all-important festive month of October. Both e-commerce marketplaces ran special sale events during the month to establish a leadership position. Flipkart claims that it witnessed six ti...

2 November, 2016 | More »

Grofers

Grofers scraps app-only model, launches website

Tiger Global-backed grocery delivery firm Grofers India Pvt. Ltd has scrapped its app-only model and launched its desktop website. The move comes at a time when the Gurgaon-based startup is struggling with margins and unit economics. “Launching Grofers website on desktop – Grofers.com. Best offe...

20 October, 2016 | More »

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