Myntra clocks sales of Rs 850 crore in January

myntra_feFlipkart-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 billion during the month, Mint reported, citing two executives […]

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Myntra’s Vector E-commerce back in red as FY16 revenue rises 40%

myntra_feVector 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, however, grew from Rs […]

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

Amazone_shshCloudtail 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 1,145.4 crore the year before, three media reports […]

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Exclusive: Flipkart shuts down private label DigiFlip, hopes to be second time lucky with Smart Buy

ClosedAfter more than four years of its entry into the private label business, Bengaluru-based Flipkart has discontinued DigiFlip, which used to sell digital accessories such as laptop bags and camera pouches. “DigiFlip has been discontinued. We are just clearing stock and it will phase out soon,” a Flipkart spokesperson told Techcircle. In 2012, Digiflip started […]

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