The Enforcement Directorate has registered a FEMA case against Myntra and related entities for allegedly violating FDI guidelines, with contravention amounting to over Rs 1,654 crore.
India's first lifestyle and music festival -- Myntra GlamStream Fest 2025, where fashion, beauty, music, and pop culture come together -- was held on November 16 at the MMRDA Grounds in Mumbai.
India has gained one more festival -- the season of Black Friday.
Himesh knows his audience well and doesn't mind poking fun at himself. 'Yeh gaana main normal gaoon ya naak se?', he asked the crowd.
As many as 26 top e-commerce companies, including Zepto, BigBasket and Zomato, have given an undertaking that their platforms are free from misleading claims and unfair trade practices which constitute 'dark patterns', the government said on Thursday.
'There is so much growth to unlock at the intersection of high shopping intent and brand needs.'
At the stroke of midnight, live dashboards lit up simultaneously across Amazon India's World Trade Centre headquarters and Flipkart's Outer Ring Road office in Bengaluru. In sprawling "war rooms" at both the companies, executives monitored real-time data streams tracking payment speeds, inventory levels, and delivery logistics as millions of shoppers flooded online platforms.
Festive sales are expected to surge 27 per cent to cross Rs 120,000 crore in 2025, driving Amazon and Flipkart to expand warehousing capacity by millions of cubic feet and extend delivery networks to thousands of new pin codes -- an infrastructure buildout that could reshape India's retail landscape for years.
'The impression is that film shoots or photo shoots are always extremely glamorous. The end result is always is beautiful but there's a lot that goes behind getting that one perfect picture.'
Amar Nagaram, the chief executive officer of Myntra, has put in his papers after three years of leading the fashion e-commerce platform, and will pursue his own venture. According to an email by Flipkart CEO Kalyan Krishnamurthy to employees, Nagaram will be at Myntra till December-end to ensure a smooth transition, and will continue to be associated in an advisory role. "After nearly three years of leading Myntra, Amar has decided to leave the Flipkart Group to pursue his own venture.
Christine, a self-taught makeup artist and former chef who now works for Amazon, articulates her style statement.
'We have reached 70 million monthly active users during this festival season, which is another great milestone for us.'
As part of the next step, Myntra plans to popularise the brand further by making the collection accessible to customers in unexplored markets in India.
Customer insight drives the online fashion retailer to launch 'mood' stores, rethink the way it sells its wares.
"Our artificial intelligence tells us what people are buying at that point, what is in fashion; on the other hand, we have a fair idea of the material available. It gives us a sense of what we should be putting across in the market and we can put them across really quickly," Ananth Narayanan, CEO, Myntra, tells Alokananda Chakraborty.
Myntra CEO Ananth Narayanan, who was earlier against the merger of the two fashion e-tail companies, is learnt to be meeting each Jabong employee one-to-one.
The 12th edition of EORS will be held from June 19-22. There will be a dedicated central virtual war-room for tactical problem solving across all phases of the event. Shoppers across the country will have access to over 700,000 styles from over 3,000 fashion and lifestyle brands. Myntra is expecting 3 million people to shop from the safety of their homes.
If you would like to feature in this series, do send us your photographs (at least five). Tell us about yourself and what you do in around 300 words. Do also tell us about the role fashion plays in your life. Mail us at getahead@rediff.co.in (Everyday glam).
Narayanan said while there would be some redundancies as a result of integration of the back-end functions of Myntra and Jabong, it will, however, be less than 10 per cent of the overall headcount
From almost a thousand employees, 300 have exited the firm.
'If you are not prudent, you may exceed your budget, and if it happens too often, you may end up in debt.'
The platform, which will have various social features and can sync data from a user's circle could be ready in about six months.
Myntra expects to reach $100-million annual revenue.
'The demand for international fashion labels, particularly from tier-II cities and beyond, has seen a notable uptick.'
No financial details were disclosed.
'Women are taking on key roles in warehouses, such as picking and packing, as well as in our last-mile operations across India.'
The two companies have been negotiating to remain separate entities after a merger.
Nets three more foreign brands for exclusive retailing, but the cost of the business model may be high, say experts.
Financial details of the deal were not disclosed but a source in the company said the transaction was valued at close to $300 million.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
Having 50 stores in India, it plans to double the number.
There are about 30-35 million people who shop online in India.
Walmart group firm Flipkart continues to dominate the e-commerce segment with 48 per cent market share while Softbank-backed Meesho has emerged as the fastest growing e-commerce platform in terms of user base in India, a latest report by AllianceBernstein said. According to the report, Flipkart's user base grew 21 per cent year-on-year (YoY), Meesho accelerated at 32 per cent while Amazon lagged at 13 per cent user growth primarily due to relative premium offerings as compared to peers. "As of FY23, Flipkart was the market leader, with a 48 per cent share in India eCommerce.
It's been a busy Thursday, as film folk went about doing their jobs, not forgetting to add that touch of glamour.
Flipkart, the e-commerce company owned by Walmart, is intensifying its efforts to achieve profitability as it is eyeing a valuation of approximately $60 billion at the time of its initial public offering (IPO), now planned in 2025-2026, instead of this year, according to people familiar with the matter. The firm might consider listing in the US or any other geography, including India. The company, which counts the likes of Amazon and Reliance's JioMart among its competitors in India's burgeoning e-commerce market, had also contemplated launching an IPO in 2022-2023.
The 42-day break would give Kohli the time to introspect, and rejuvenate his cluttered mind.
E-commerce major Flipkart has burnt cash of $3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had $1 billion in cash in July 2021, which came down to $887 million by September 2022. The company, in July 2021, raised $3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart.
The Dabangg actor gets candid about her fashion choices.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
'When people look at Kohli, they see a boy from Delhi who is taking on the Aussies in their own backyard and aspire to be like him.' 'Players like Jadeja and Ashwin lack this quotient.'
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