Forest fire blazing through Indian startup ecosystem: Inventus’ Kanwal Rekhi

Kanwal-Rekhi_feKanwal Rekhi, co-founder and managing director at VC firm Inventus Capital Partners, has been a known sceptic of the capital-intensive model of India’s e-commerce companies. At the News Corp VCCircle LP Summit 2017 in Mumbai, he was in sublime form, mincing no words when quizzed about issues plaguing the country’s leading consumer internet companies. Speaking […]

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Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labels, increased contribution of international […]

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Myntra’s cash burn higher than Jabong’s in FY15

myntra_feRocket Internet-controlled fashion e-commerce venture Jabong, which has been on the block for over a year now, was bigger as a ‘marketplace’ compared with Flipkart-owned Myntra in the year ended 31 March 2015 even as the latter burnt more money. Regulatory filings show that Myntra’s revenue rose 70% to Rs 746 crore but its expenses […]

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Jabong revenue grows in Q1 as losses shrink

Jabong_feRocket Internet-incubated fashion e-commerce venture Jabong that hit a speed bump in the second half of 2015 has begun the new year with a marked improvement in performance while simultaneously cutting down operating loss. The firm posted its best transaction volumes, net revenue and gross merchandise value (GMV) since October-December 2014 (the firm stated that […]

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