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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Flipkart relying on fashion vertical to turn profitable

FlipkartOnline marketplace Flipkart expects its fashion business to turn profitable by the middle of next financial year, according to a report by a financial daily. The company’s chief executive officer Binny Bansal said that Flipkart Fashion would be profitable on EBIDTA level by FY2018, according to The Economic Times. “We will be getting into fiscal […]

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