April 16th, 2018India's leading online fashion platform Myntra has acquired Bengaluru based Witworks. Witworks is a technology startup making smart wearable devices and their underlying software.
Witworks team will join Mytnra R&D department after the acquisition to further strengthening the company's robust technology team and augment its...
April 4th, 2018Mithun Sundar, former PepsiCo Senior Director will now be taking over Myntra’s Naresh Krishnaswamy position as Chief Revenue Officer and assist Myntra in its journey in growing its operations and the business as well. Mithun will be heavily relied on in proposing and implementing strategies in the firm’s near and long-term...
February 8th, 2018Amazon India is ready to launch its beauty and personal care products, thus giving a cut-throat competition to other major Online beauty stores such as Nykaa, Purplle, Slassy, Jabong, Myntra etc. Previously Flipkart-owned Myntra has also announced to launch its own brand of Beauty and cosmetics products. Leaving no stones unturned, the...
January 27th, 2018Flipkart owned India's leading fashion e-commerce company Myntra turnover zoom of ₹2,000 crore in fiscal 2016-17, an 87% jump from the previous year, according to a filing with the Ministry of Corporate Affairs. The company had posted a ₹816 crore loss in FY16.
Tofler a data-tracking platform published this report. As per the...
December 13th, 2017Indian online e-commerce giant Flipkart has recently completed its $100 million re-purchase of employee stock options (ESOPs), marking it the largest share buyback programme in Indian startup history, a financial daily reported.
In a release on Wednesday, Flipkart said that over 3,000 existing and former employees of Flipkart,...
September 29th, 2017Online fashion retailer Myntra has won the rights to manage Esprit's Indian offline stores along with their sale on its online platform, months after the e-commerce firm bagged a similar deal from Spanish fashion brand Mango.
As per the source LiveMint, as a part of this alliance, Myntra will be managing at least 15 offline stores...
September 20th, 2017B2B software-as-a-service (SaaS) company Noticeboard has raised undisclosed amount of angel funding from former Myntra CTO Shamik Sharma and TFS founder Aprameya Radhakrishna.
Noticeboard last raised Rs 8 crore from Stellaris Venture Partners, BlackBuck founder Rajesh Yabaji and YuMe cofounder Jayant Kadambi in July, ET had...
September 1st, 2017Former Myntra executives Prasad Kompalli and Ashutosh Lawania's health tech startup Mfine, has raised $1.5 million in its first round of funding led by Stellaris Venture Partners.
The funding round also saw participation from Mayur Abhaya and Rohit MA, healthcare entrepreneurs from Stellaris’ Founder Network.
Kompalli, who spent...
August 7th, 2017Myntra is aiming to target around $150 million business through its beauty and personal care segment by FY 2019, which was launched about nine months.
Myntra is also in talks to launch its very own Private Beauty Label.
"Our focus in terms of the brands we have tied up with has been premium and mass premium.We will launch a private...
June 29th, 2017FMCG firm Marico has appointed Myntra-Jabong CEO Ananth Narayanan on its board as an additional (Independent) Director. Narayanan's appointment is for a five year time and is subject to the approval of the shareholders at the upcoming annual general meeting.
With Narayanan's appointment, Marico's board now has six independent...
April 20th, 2017Fashion e-tailer Myntra today said it has acquired Bengaluru-based InLogg for an undisclosed amount, a move that will further strengthen the supply chain capabilities of the Flipkart-owned company.
Founded in 2015, InLogg offers a technology platform that provides end-to-end logistics solutions for the e-commerce sector.
"As part...
December 30th, 2016All the shopaholics, get set to welcome the new year with style and aplomb. Jabong, India’s leading online fashion retailer, has announced its participation in Myntra’s sale event, the “End of Reason Sale”, which will start from the midnight of 3rd January and continue till 5th January 2017 midnight. More than 300,000 styles from...
