Myntra confident of turning profitable by fiscal-end
Myntra has struck master distribution and management rights deals with brands like Mango and Esprit to help them build an omni-channel presence in India.
Fashion ecommerce firms like Flipkart, Myntra uncover fake product returns
People would order branded clothes, stitch the labels on inferior ...
Sachin Arora, ex-director of Amazon, joins Chqbook as CTPO
This move can be considered as part of the plan to build a strong user-centric pla...
Myntra bets on AI, augmented reality to enhance user connect
The Flipkart-owned company has already tested this internally with its two in-house brands Moda Rapido and Here and Now which are powered by AI.
Personal care segment to contribute 8% revenue in 2 yrs: Myntra
Myntra CEO Ananth Narayanan said with over 30 million monthly users coming to Myntra and Jabong platform, and it is well positioned to tap into the category.
Universal Sportsbiz gets Rs 100 crore from Accel, Fund
The round also saw participation from NB Ventures and venture debt fund Alteria Capital, with the latter making an equity investment of $1 million, as per regulatory filings sourced from paper.vc.
Myntra inches closer to profitability; sets target to reach $2.7-billion GMV run rate by FY19-end
The combined entity of Myntra and Jabong is looking to shrink its negative EBITDA margin lower to (minus) 2-3% by Q4FY18, inching closer to the much-awaited breakeven target.
Ex-Amazon's executive Sachin Arora joins startup Chqbook
Arora joins Chqbook.com as a board member and also be responsible for product & technology as CTPO.
Bigger Billion Days: How this year’s festive season could prove transformative for Flipkart
For all the hype around BBD, though, the website crashed, orders got cancelled, and products went out of stock—all within the first few hours of the one-day sale.
IDG Ventures India becomes Chiratae, to raise $300 mn for fourth fund
This will be the first Indian affiliate of a US-based venture capital firm to transition to a local brand.
Myntra may host Under Armour on its platform
Under Armour is popular among youngsters in the US and Europe. It had risen to challenge established players like Nike and Adidas in North America before hitting some rough patches.
Myntra to manage Esprit in India, curate 15 retail stores
Myntra's association with Esprit began in November 2016, when the latter's first collection was launched online on Myntra.
Myntra leverages its network of kirana stores for last-mile deliveries
Its 'Mensa Network', comprising 2,000 kirana stores (family-run grocery stores) and small shops, now accounts for one in every five deliveries the company makes.
Myntra is turning Jabong into a platform for private labels
“Jabong’s team is not happy as the private brands don’t sell much but they (Myntra) are forcing Jabong to list private brands,” said a senior official.
Develop the habit of collaboration: Ananth Narayanan CEO, Myntra – Jabong
"I always believed work itself should be fun, and tremendously enjoyed what I did. I did not take myself too seriously and built fun into the work-day."
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