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Posts Tagged ‘ Myntra ’

Grofers scraps app-only model, launches website

Thursday, October 20, 2016 | More »

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...


FabAlley.com raises $2 mn Series A funding

High Street Essentials Pvt Ltd, the company that owns and operates FabAlley.com, an online fashion brand exclusively for women, has raised $2 million (Rs 13.42 crore) in Series A round of funding led by India Quotient. FAO Ventures, Indian Angel Network (IAN) and a group of angel investors including...

13 October, 2016 | More »


Mukesh Bansal joins food-tech startup Swiggy’s board as advisor

Bengaluru-based Bundl Technologies Pvt. Ltd, which owns and operates online food ordering platform Swiggy, has roped in Myntra’s founder Mukesh Bansal as a strategic advisor. “His (Bansal’s) role in building an incredible product and scaling private brands at Myntra will prove to be be...

5 October, 2016 | More »


Myntra appoints Wipro exec Dipanjan Basu as CFO

Flipkart-owned fashion e-tailer Myntra said on Thursday it has hired Dipanjan Basu from software services firm Wipro Ltd as its chief financial officer. Basu was the CFO and chief operating officer at Wipro’s digital and consulting business. He will join Myntra on 17 October, the company said ...

29 September, 2016 | More »


Exclusive: Myntra brings Jabong’s tech team under own roof

Flipkart-owned fashion e-tailer Myntra has moved the research and development team of Jabong in Bengaluru to its own facility, less than two months after it acquired the lifestyle and apparel shopping portal. Both R&D teams will continue to work separately for now but any integration in the futu...

23 September, 2016 | More »


Rocket Internet sees “sluggish” growth in India

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak investment recovery from the South Asian country. “In India, economic activity remains buoyant, but the growth forecast for 2016 and 2017 was trimmed slightly, reflecting ...

23 September, 2016 | More »


Why some investors are betting on competing businesses

Two weeks ago, Taiwanese chip designer MediaTek invested $60 million in One97 Communications, which runs Paytm, a mobile wallet platform and an online shopping site. In itself, the transaction is not unusual – Paytm is raising funds for growth and MediaTek is known for backing innovative firms. Wh...

12 September, 2016 | More »


​Exclusive: Women’s apparel e-tailer eShakti raises fresh funding

Chennai-based eShakti Pvt. Ltd, operator of an online women’s apparel retailer, has raised fresh funding from two investors, a person familiar with the development told VCCircle. eShakti, which targets the US and Canda and operates an Indian e-commerce unit under Zapelle, raised Rs 9 crore ($1...

6 September, 2016 | More »


No downsizing or integration of manpower post Jabong’s acquisition, says Myntra CEO

Flipkart-backed fashion portal Myntra recently crossed $1 billion in annualised Gross Merchandise Volume (GMV) run rate, becoming the first Indian fashion e-tailer to hit the milestone. In a chat with TechCircle, Ananth Narayanan, CEO of Myntra, says both Jabong and Myntra will continue to function ...

25 August, 2016 | 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 »

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