January 28th, 2016Myntra, part of Indian's biggest e-commerce company Flipkart, said it expects to turn profitable by the end of next financial year as the online fashion store looks at slashing discounts and curbing supply-chain costs.
Shopping online is becoming more popular in India due to the rising use of cheaper smartphones and India's e-commerce...
April 23rd, 2015Working quietly since 2006, Premji Invest investment firm has built up positions and funded around 40 publicly listed and private companies out of a corpus of $1 billion (Rs4,290 crore). Yet, its operations are shrouded in secrecy and the firm has consciously avoided building a public profile.
Premji Invest is a private equity fund...
April 8th, 2015E-commerce giant Snapdeal today acquired online mobile recharge firm Freecharge in India's biggest M&A. The exact amount of the deal is not disclosed yet, but it could be over $400 million in cash and stock, as per sources.
Exceeding the previous biggest M&A in internet consumer space by Flipkart buying Myntra for app. $300...
April 3rd, 2015November 25, 2014, this date created a buzz in online media, when VCCIRCLE reported about the "possible biggest buyout deal" for universe's largest e-commerce firm Amazon inc. when it initiated the talks with Indian lifestyle e-tailer Jabong.com. On analyzing the strong effect of Flipkart-Myntra merger deal for $300 Million, Amazon...
November 6th, 2014While Entering Myntra's new office place, Bangalore You would most probably be caught up in the illusion of entering a high class retail store and believe me, its totally legitimate!
"Right from the front desk till the the end we want you to imagine nothing but Fashion" says Mukesh Bansal, co-founder and CEO. "Its not...
