Myntra Enters Quick Commerce Race With ‘M Now’ Feature
The feature builds on Myntra’s previous experiments with expedited delivery timelines, such as the M-express service introduced in 2022, which promised 24 to 48-hour delivery
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consumer
E-commerce & Marketplaces
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E-commerce & Marketplaces
Myntra Concludes Big Fashion Festival With 1.5 Mn New Customers
- by BW Retail World Bureau
- October 10, 2024
The company states that brands under ‘Brand of the Day’ witness around six times (6X) growth in demand over business as usual (Bau)
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Myntra Revenue Soars But Losses Widen Despite Profitability Milestone
- by BW Retail World Bureau
- March 28, 2024
Myntra, the fashion platform owned by Flipkart, announced on Tuesday that it has achieved operational profitability since October last year. According to the company, its marketplace entity has been earnings before interest, taxes, depreciation and amortisation (EBITDA) positive since the last quarter of calendar year 2023, marking the first time the firm has achieved this […]
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Myntra Expands Global Fashion Portfolio With NEXT Partnership
- by BW Retail World Bureau
- March 22, 2024
In a significant move to fortify its international fashion presence, Myntra, India’s leading fashion ecommerce platform, has intensified its collaboration with NEXT, the UK’s largest fashion retailer. Under this partnership, Myntra Jabong, Myntra’s B2B wholesale entity, has secured the distribution and management rights for NEXT’s extensive range of products in India, marking a crucial step […]
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Ace Turtle Enters Strategic Collaboration With Myntra To Distribute Dockers In India
- by BW Retail World Bureau
- March 13, 2024
Retail technology firm Ace Turtle has launched khaki apparel brand Dockers in collaboration with ecommerce platform Myntra, it said in a press release on Tuesday. “Docker is a division of Levi Strauss & Co. and Ace Turtle is the licensee of Dockers in India,” read the release. “We are excited to expand our relationship with […]
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Myntra Secures Fresh Funding Of $54 Mn From Flipkart Amidst Market Competition
- by BW Retail World Bureau
- March 2, 2024
Myntra has received a significant investment of USD 54 million from its parent company, Flipkart. The injection of funds comes at a critical juncture for Myntra, as it faces intensified rivalry from competitors such as Reliance’s Ajio and Tata Cliq. The funding was disclosed through regulatory filings in Singapore and is the second such major […]
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People
Former Shoppers Stop MD Venu Nair Joins Myntra Leadership Team
- by BW Retail World Bureau
- February 22, 2024
Venu Nair, former MD of Shoppers Stop, has joined apparel marketplace Myntra as chief of strategic planning and omnichannel, effective Wednesday. He would be reporting to Myntra’s CEO, Nandita Sinha. Nair resigned from his role as Shoppers Stop’s managing director and CEO on 3 August 2023, owing to personal circumstances. He has led the firm since […]
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National
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Flipkart Dominates Indian Ecommerce With 48% Market Share
- by BW Retail World Bureau
- January 27, 2024
A report has revealed that Flipkart, a Walmart group firm, continues to dominate the Indian ecommerce segment with a substantial 48 per cent market share as of FY23. Boasting a 21 per cent year-on-year (YoY) growth in its user base, Flipkart outpaces the industry’s overall growth. The report indicated that mobile and apparel are the […]
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Government
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Retail
About 60% Sellers Feel Hamstrung By Bias Towards Offline Channels
- by BW Retail World Bureau
- December 29, 2023
As micro, small and medium enterprises (MSMEs) continue to ride the ecommerce wave, the Forum for Internet Retailers, Sellers and Traders (First) India, a division of India SME Forum (ISF) in a survey report has highlighted the challenges in the space and the need for policy reforms for a conducive ecosystem and collaboration between policymakers […]
Consumer
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tech
Indian Consumertech Industry Projected To Reach $300 Bn By 2027
- by BW Retail World Bureau
- December 13, 2023
A report on Tuesday unveiled the immense potential of India’s ConsumerTech industry which is expected to surge in the total addressable market, reaching approximately USD 300 billion by 2027, with a compound annual growth rate (CAGR) of around 25 per cent. The driving forces behind this explosive growth are attributed to digital public infrastructure and […]