Myntra launches first offline store in Bengaluru to push private label brand

Myntra launches first offline store in Bengaluru to push private label brandNearly seven months after Myntra announced its intent to go offline, the Flipkart-backed online fashion and lifestyle e-tailer has launched its first offline store in Bengaluru. The 4,000 sq ft store, which will be open to the public tomorrow, would be an exclusive store for what Myntra claims to be its biggest as well as […]

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Myntra to shut two Gurgaon offices, shift staff to Jabong’s premises

myntra_feIn a bid to cut costs, Flipkart-owned fashion e-tailer Myntra is shutting down two of its offices in Gurgaon and moving around 200 employees to Jabong’s premises in the same city, said a report in a business daily on Wednesday. Myntra had acquired competitor Jabong from Global Fashion Group last July for $70 million (Rs […]

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Flipkart, Amazon to bet big on fashion in 2017

TC-lead-flipkartIndian e-commerce heavyweights Flipkart and Amazon India are aggressively focusing on the high-margin fashion segment as they aim for profitability in the long run. Both Amazon India and Flipkart are expanding their private labels in addition to exploring more exclusive brand partnerships to open up more revenue opportunities in fashion, one of the fastest growing […]

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Myntra targets $2 bn revenue run rate, profitability in FY18

myntra_feFlipkart-owned online fashion retailer Myntra said the company has crossed $1 billion in annualised run rate riding on an impressive 80% year-on-year growth, thanks to the $70 million acquisition of Rocket Internet-backed rival Jabong and the peak selling festive season sale events. “This year has been the best year we have had so far. We […]

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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 in a statement. A chartered accountant, Basu has […]

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

Myntra_f1Flipkart-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 future cannot be ruled out, according to two […]

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Myntra is unlikely to be merged with Jabong, says fashion e-tailer’s CEO

Ananth-Narayanan_FFlipkart-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 as separate brands as both have distinct characteristics in terms […]

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Myntra hires ex-Amazon India exec Manpreet Ratia as chief people officer

Manpreet-RatiaFlipkart-owned fashion e-commerce venture Myntra Designs Pvt Ltd has roped in former Amazon India executive Manpreet Ratia as chief people officer and head of new initiatives. Ratia will spearhead key HR initiatives and oversee talent acquisition and retention across verticals. He will also be responsible for driving new business initiatives. Ratia replaces Pooja Gupta, who […]

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Fashion e-tailer Myntra picks McKinsey director Ananth Narayanan as new CEO

Flipkart-owned fashion e-tailer Myntra has appointed McKinsey & Co director Ananth Narayanan as its chief executive officer. He will be taking over from Myntra’s co-founder Mukesh Bansal will assume the role of board chairman, as per a press statement. Bansal, who got into Flipkart after it acquired Myntra Designs Pvt Ltd last year, was made […]

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