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MYNTRA GROWTH DRIVER
Oracle leaves freshers in limbo; D2C carts go coldHappy Friday! Oracle has started pulling back campus offers from top institutes, leaving students caught in the crossfire. This and more in...
Tata to probe TCS Nashik case; Sharon Pais takes over MyntraTata Sons chairman N Chandrasekaran has ordered a probe into the sexual harassment case at TCS Nashik. This and more in today's ETtech Top ...
Sharon Pais takes over from outgoing Myntra CEO Nandita Sinha, says M-Now will be big growth driverMyntra, owned by Flipkart, is expanding its rapid delivery service M-Now as a key growth area, new head Sharon Pais told ET. Despite leader...
Myntra scraps commissions to turbocharge India’s next D2C fashion starsMyntra is launching a zero-commission model to boost emerging Indian fashion, beauty, and lifestyle brands. This initiative, part of the My...
Beauty segment accounts for 20% of Myntra’s new customers: Nandita SinhaMyntra’s beauty segment has become a growth driver for the platform, accounting for most units sold and about 20% of new customers coming t...
E-commerce platforms see ad revenues cross Rs 15,000 crore in FY25India's e-commerce giants like Amazon, Flipkart, and Myntra are increasingly relying on advertising, with ad revenues reaching ₹15,573 cror...
Ebitda positive for last two quarters, says MyntraMyntra posts strong growth, staying EBITDA positive. GMV growth 2x online fashion market. MAU reaches ~60M by 2023 end. Emphasis on non-app...
Myntra expects small towns to bring in more than half of its sales in next 3-4 yearsWithin the overall ecommerce category, fashion accounts for 10-12% and Myntra said a large part of the growth and new shoppers will come fr...
E-commerce spots a new fashion trendAmazon, Flipkart, Myntra and Ajio, among others, are enticing new customers—especially in smaller towns—with TikTok-style social commerce.
Myntra enters luxury segment by partnering with Pernia’s Pop Up ShopAbout two-thirds of Myntra’s revenue comes from apparel, its single biggest category, followed by footwear, accessories and recent addition...
Myntra set to open 100 offline stores in two years“The Roadster online sales have shot up after we launched the offline store,” Ananth Narayanan, CEO at Myntra-Jabong, said on the sidelines...
Restructuring at Flipkart continues, three top-level executives resignA day after top level restructuring, new CEO Kalyan Krishnamurthy starts building his team of top executives primarily consisting of compan...
Flipkart is ready for a fashion statement in FY18Flipkart’s fashion business, including subsidiaries Myntra and Jabong, accounted for about one third of gross sales in the September quarte...
Flipkart CEO Binny Bansal writes letter to employees on Jabong acquisition"The acquisition of Jabong further strengthens Flipkart Group's position as the undisputed leader in Fashion and Lifestyle segment in India...
Flipkart-owned Myntra pips Snapdeal and Future Group, acquires Jabong for $70 millionThe transaction caps months of seesawing talks between Global Fashion Group and Kinnevik, the owners of Jabong, and multiple Indian suitors.
In a bid to reduce merchandise returns, Myntra to launch size chart by mid-AprilThe company feels the move will help reduce incremental logistics cost as nearly half of the returns are due to customers failing to select...
Myntra’s GMV to cross $1 billion by 2016: Ananth Narayanan, CEO, MyntraBesides making the transition from the storied world of consulting to the ever evolving realm of e-commerce, the move has called for more c...
North-eastern states fast emerging as growing markets for India's e-commerce playersWhile Snapdeal services large parts of the NE region, its rival, Flipkart, serves customers in over 80 cities in the region in partnership ...
Myntra bets big on 'McKinsey talent' to raise online market shareMyntra has reposed its faith in former McKinsey executives to garner a larger share of the rapidly growing market for online fashion retail.
Massive hiring: E-tailers like Flipkart, Snapdeal, Jabong and others to hire 60,000 this yearThe likes of Flipkart may be at odds with rivals on whether or not to allow FDI, but they are on the same page in anticipating an inflectio...