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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’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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Amazon in-house vendor Cloudtail posts four-fold growth in FY16 revenue

Cloudtail India Pvt. Ltd, which is part-controlled by Amazon.com Inc. and is believed to be the single-largest vendor on its Indian e-commerce marketplace Amazon.in, registered a four-fold jump in revenue for 2015-16. Revenue for the year ended 31 March 2016 increased to Rs 4,591.2 crore from Rs 1,1...

21 December, 2016 | More »

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Snapdeal tweaks business model, sets up wholesale unit

E-commerce firm Snapdeal has established a wholesale unit to buy products that will be sold to consumers directly, following in the footsteps of rivals Flipkart and Amazon, according to a report. The move by Jasper Infotech Pvt. Ltd, operator of Snapdeal, is a departure from its marketplace-run busi...

19 September, 2016 | More »

How Flipkart as a marketplace and its top vendor grew last year

India’s top online retailer Flipkart is estimated to have continued to generate bulk of its sales from what was legally its former in-house vendor last financial year. WS Retail Services Pvt Ltd, which was the only vendor on Flipkart.com before it turned into a marketplace two years ago, almos...

13 November, 2015 | More »