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Myntra clocks $1 bn annual GMV run rate in July

Leading e-commerce platform for fashion and lifestyle products Myntra today said ithas crossed $1billion run rate in annualized GMV post discounts in July this year. "This is the first time ever that an Indian fashion brand has recorded $1...

Retail Mantra: Look to customers, not investors

It is quite likely that most e-commerce start-ups being hatched in coffee shops of Bangalore – which are based on general merchandise retail – are already doomed. They need to search out new areas to service new customer needs...

Flipkart's Sachin Bansal confesses he was replaced due to performance

The monthly Friday town hall meetings at Flipkart, where top executives assemble in a hall packed with employees to take questions, came as a shocker for many as the company's co-founder Sachin Bansal confessed he was replaced as chief...

First flash sale for LeEco's Super TV on August 26

Global internet and technology conglomerate LeEco has ushered in a new era of content integrated Ecosystem TVs in India with the launch of its future ready Super3 series Ecosystem TVs. Chinese internet and technology conglomerate LeEco has said that it...

Flipkart launches speedy, loyalty service 'Flipkart Assured'

India’s largest e-commerce marketplace Flipkart has recently launched Flipkart Assured - ‘Quality and Speed assurance’ programme for customers across India. This programme ensures that high quality products are delivered in the fastest time possible. Under the programme, products across all...

Snapdeal shuts Exclusively.com, integrates it within itself

E-commerce major Snapdeal has completed the integration of Exclusively, a marketplace for premium branded fashion and lifestyle products, within itself. With the integration, the entire catalogue of Exclusively.com, including fashion and lifestyle products, footwear, and accessories will now be available on Snapdeal...

Myntra buys majority stake in Hrithik Roshan’s sportswear brand HRX

Leading e-tailer Flipkart's fashion and lifestyle products' subsidiary Myntra on Friday announced that it has acquired a majority stake in HRX, the active lifestyle brand co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment. This move is a bid to...

Online VS Offline: The Independence Day discount wars

As India readies for its 70th Independence Day, the country’s online and offline retailers have decided to battle it out with a slew of offers and discounts in a bid to make the most of patriotic sentiments of consumers. The long...

Flipkart valuation marked up 10 pc by investor Valic

After facing a successive markdown in the past few months by its investors, the valuation of India's largest e-commerce firm, Flipkart has been marked up by Valic Co., a mutual fund investor in the firm. Valic has marked up the...

Day 1 of Great Indian Sale becomes the biggest day ever for Amazon India

The first day of Amazon India "Great Indian Sale" creates history in terms of number of products sold on the platform. The company said in a statement that Amazon India saw "the first 100K units sold at midnight" just...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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