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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