November 11th, 2016Fashion e-tailer Jabong said it saw 50 percent revenue growth month-on-month in October, closing the month with positive unit economics for the first time in its history.
The Myntra-owned company achieved a positive gross profit for the first time ever, propelled by revenue growth and fulfillment cost reduction, Jabong said in a...
September 8th, 2016Myntra announces the introduction of 'Try and Buy' (T&B), a new service option aimed at breaking the final barrier to shopping fashion online. Considered to be the Holy Grail for fashion E-commerce, T&B allows for the 'touch and feel' factor to seep into the world of online shopping, especially fashion, where it is expected to...
September 3rd, 2016India’s leading personalization focused fashion marketplace Voonik has announced the acquisition of Dekkoh. Over the last few months, the company has acqui-hired Zohraa, Picksilk, Styl, TrialKart and Getsy. Dekkoh was founded by Aditya Chalsani and Varun Mathew, as a fashion discovery platform that allows users to chat one-on-one with...
August 14th, 2016Flipkart-owned Myntra has acquired majority stake in HRX, the active lifestyle brand co-owned by Bollywood actor Hrithik Roshan, and Exceed Entertainment.
The company did not disclose the quantum of stake acquired as well as cost of the acquisition.
In an emailed statement, it said: "Myntra has bought stakes from Hrithik and...
July 5th, 2016New Delhi, July 5: Creating a mammoth in consumer offerings, ShopClues has established itself as the ultimate online destination for fashion. India's first and largest managed marketplace is going the extra mile to grow its existence pan-India.
The online aggregator has added 60,000 new sellers on its platform in this segment and will...
July 3rd, 2016India's biggest fashion shopping sale, the fourth edition of Myntra's 'End of Reason sale', clocked over two million item orders placed by end of day one of the two-day weekend sale.
In the run up to the opening of the sale at 12 am on Saturday, around Rs. 700 crore worth of products were added to the EORS wish list (A special feature...
June 30th, 2016UK-based online fashion player Koovs plc today announced closing of its current round of capital raising, bringing the total sum raised to 26.2 million pounds (nearly Rs 240 crore) from a range of new and existing investors, including strategic investment by HT Media Ltd.
In its third and final tranche of fund raising for the current...
June 24th, 2016Fashion e-commerce platform Myntra today said it expects to see a 20-fold jump in daily sales during its End of Reason sale to be held on July 2-3.
The company, which was acquired by Flipkart in 2014, expects about 10 million people to shop on its platform on the two sale days.
"We are geared up for our End of Reason sale (EORS). We...
June 18th, 2016Styletag.com, India's first online women's curated fashion and lifestyle destination has announced the appointment of its new CEO, Michael Mehran Adnani.
Michael Adnani will spearhead the company's operations and helm its evolution as it enters into a new phase of growth and expansion.
Michael has joined Styletag from Flipkart,...
June 8th, 2016Alibaba-backed Paytm will spend Rs 200 crore to expand its fashion category by helping small and medium businesses as well as bigger brands set up online shops on its platform.
The digital payment company, which forayed into e-Commerce in April last year, aims to facilitate monthly sales of about 2.1 crore items through its platform...
June 6th, 2016Voonik, a Sequoia Capital-backed fashion marketplace startup which is focused on curated fashion has acquired three startups to build its premium fashion product Vilara. Voonik is attempting to strengthen its leadership in the unbranded fashion segment largely via acqui-hires or team acquisitions of startups in niche fashion...
June 4th, 2016In the sensitive world markets of today, where many companies are realising the cost of rationalising resources, Purplle.com has stayed ahead in the game by making it their mantra from the beginning. It has shown the way to numerous startups, a practical lesson in how to invest, grow and show results.
Purplle.com, one of India's...
