Former country manager of eBay India, Muralikrishnan was hired by Jabong in 2016 as its chief operating officer
Two million people shopped for 9 million products across Myntra and Jabong, making it the largest fashion and lifestyle sale in the country.
Online retail giants such as Amazon, Flipkart and Myntra seem to tussel in a sale war this weekend as they offer heavy discounts, instant cash backs and free delivery options
Jabong, which, was acquired by Myntra in 2016 is also participating in the sale this year. The sale will begin from June 22
Myntra opened a fashion store 'Roadster Go' which is loaded with some of the advanced technologies in fashion retail at the Mantri Mall
He was hired by Jabong as its chief operating officer (COO) and redesignated as the SVP of Myntra in January, as per his Linkedin profile
Some sellers on Flipkart took to Facebook to complain that they have received partial payments
Founded in 2014, Witworks focuses on producing smart wearable devices and software.
In an exclusive chat with Moneycontrol, Ananth Narayanan, the chief executive officer of Myntra and Jabong, talks about the future plans of the two brands.
Sundar, who succeeds Naresh Krishnaswamy, will be instrumental in continuing Myntra's growth pace, devising and implementing strategies for the next chapter in the brand's journey, Myntra said in a statement.
Myntra and Jabong plan to use AI and machine learning for last-mile deliveries, automated storage systems, data mining and AI analytics to develop new styles and patterns.
It is expected that Jabong will now be presented as a premium brand focusing on merchandise upwards of Rs 2,500 while Myntra will concentrate mostly in the mass premium category.
These brands in Myntra’s private label portfolio have been receiving a great response from customers for their "machine-generated" designs
Several top leaders are either exiting the company or being re-designated within the Flipkart Group. Myntra acquired Jabong in a discount deal for $70 million last year
Myntra will also launch a new handloom brand during its upcoming annual Brand Summit, The Tech Threads, on November 2 in Bengaluru.
Under the agreement, Myntra will curate and facilitate 15 Esprit stores in the country over the next five years, apart from selling Esprit's products exclusively on Myntra and Jabong
The Flipkart-owned fashion retailer has as many as 13 private apparel brands and is eyeing revenue of US 300 million by the end of the financial year.
The private labels vertical is expected to post USD 300 million in sales by FY18-end, compared with USD 115 million it posted, last year
The Myntra End of Reason sale kicks off tonight. The online fashion retailer will host 25 million sessions over the next 3 days with approximately 20 million users logging in. CNBC-TV18's Rukmini Rao caught up with Myntra CEO, Ananth Narayan and the hands-on team at Myntra to find out how they are gearing up for this sale and what's different this time around.
Private labelled products allow e-commerce firms to earn much larger margins compared to the commissions earned through sellers that sell similar products.
Myntra's sale comes at a time when brick and mortal retail stores are offering heavy discounts to customers to clear stocks, ahead of the GST roll-out from July 1.
The program is looking to sign 10-15 local brands and is designed to accelerate their growth through technical know-how, analytics and branding support from Myntra
The company plans to consolidate logistics with Myntra and grow revenues by 30 percent during the financial year, Jabong head Gunjan Soni tells Moneycontrol
Amazon and Flipkart are readying for big sale days in May and vendors suggest they are already stocked up to four times their usual inventory levels.
"A large part of the money raised from the latest deals struck with Tencent, Microsoft and eBay, will be invested in new businesses, especially PhonePe and fintech," Flipkart Co-Founder and CEO Binny Bansal said.