Myntra adds three new sellers to comply with FDI norms

myntra_feWith the deadline for compliance with foreign direct investment (FDI) norms approaching, Flipkart-owned Myntra has added three new sellers on its platform to reduce its dependence on Vector E-commerce Pvt Ltd, the biggest seller on the fashion e-tailer. A report in the Mint newspaper said, citing two people aware of the development and documents with […]

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Exclusive: Fashion app Fynd secures funding from Facebook’s Anand Chandrasekaran

Fynd-TCFashion portal Fynd, run by Shopsense Technologies Pvt Ltd, has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran, two people familiar with the matter who did not wish to be identified told TechCircle.in. Rajiv Mehta, chief executive of Arvind SportsLifestyle and Ramakant Sharma, co-founder of Livspace, also participated in the round. Fynd, […]

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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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Voonik hires Amazon’s Raghu Lakkapragada as chief operating officer

Raghu LakkapragadaOnline fashion marketplace Voonik Technologies Pvt. Ltd said on Tuesday it has appointed former Amazon India executive Raghu Lakkapragada as its chief operating officer. Lakkapragada will be responsible for the delivery operations and seller and customer experience, Voonik said in a statement. He is the second top-level executive to join Voonik in recent weeks, after […]

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This for That, a platform for women in constant search of newness

NThis-for-That2Tanya rummages through her wardrobe every morning for clothes to wear for the day. Her life comes to a standstill as she struggles to break the monotony, and snap out of boredom but cannot, given the same old clothes and colours in her stock. Shopping regularly is not an option as it burns a huge […]

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Roposo hires Anand Jha as design head, Saurabh Khullar as sales chief

Anand Jha Saurabh KhullarGurgaon-based Relevant e-solutions Pvt. Ltd, which runs fashion discovery app Roposo, has hired former Delhivery executive Anand Jha as head of design and Saurabh Khullar as head of sales. Jha will look after the entire user interface and experience while Khullar will be responsible to set up monetisation channels across India for the fashion social […]

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Myntra to buy Jabong to boost fashion e-tail play

myntra_feFlipkart-owned Myntra said on Tuesday it has agreed to acquire main competitor Jabong from Global Fashion Group to create India’s biggest fashion e-tailer. The deal consolidates Flipkart’s position in the Indian e-commerce market and enables Jabong parent Rocket Internet to exit the loss-making venture. The acquisition will also provide Flipkart some much-needed arsenal in its […]

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Fashion startup 6Degree raises $200K from Indian Angel Network

Indian Angel Network backs fashion startup 6DegreeProtinus Fashion Networking Pvt Ltd, which owns tech-enabled fashion startup 6Degree, has raised $200,000 (Rs 1.3 crore) from the Indian Angel Network. Abhishek Agarwal, the lead investor from the IAN, will join the startup’s board, the company said in a statement. “We are planning to allocate the funds to enhance our technology and expand our […]

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Exclusive: VC-backed lifestyle e-tailer Fashionara shuts shop

Fashionara2Online fashion and lifestyle store Fashionara.com, which had raised funding from Lightspeed Venture Partners and Helion Venture Partners, appears to have shut its operations as its website and app are no longer accessible. It couldn’t be ascertained when exactly the company closed its operations. However, co-founder Darpan Munjal left the company in January this year, […]

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