Quick Answer: Is Myntra Making Profit?

What is the turnover of myntra?

The fashion e-tailer had registered losses to the tune of Rs 151.22 crore in the previous year, documents sourced by business intelligence platform Tofler said.

However, the company’s revenue from operations more than doubled to Rs 1,041.10 crore in FY’19 from Rs 398.33 crore in the previous fiscal, it added..

Who is owner of myntra?

FlipkartMyntra/Parent organizationsMukesh Bansal is the founder and chief executive of Myntra, India’s largest fasion e-commerce site, which was acquired, in 2014, for $375 million by Flipkart, the country’s equivalent to Amazon.

Is myntra good?

The best shoes I am really happy with the purchase since I can bet that I cannot get such an amazing product from any commerce store for such a price. Talking about the shoes they came in a nicely packed carton box, there was no tear from any side. I have to say that myntra is indeed the best fashion store.

Is AJIO better than myntra?

Well whatever your style is, we just want you to be comfy. While Myntra offers more of western clothes, Ajio, on the other hand, focuses on fusion and Indian wear. So if you are a desi by heart then Ajio it is for you, but if you love your LBD’s then you should check out Myntra.

Is Jabong banned in India?

In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform Myntra. The portal sold apparel, footwear, fashion accessories, beauty products, fragrances, home accessories and other fashion and lifestyle products. The company’s headquarter was in Gurugram, NCR, India.

Is myntra closed?

Indian ecommerce giant Flipkart’s online fashion retailer Myntra is shutting down its Web site and banking solely on its mobile application. Research shows that 70 percent of orders for Myntra come directly from its app and 90 percent of its traffic is located in the app.

Does myntra sell fake?

No, Myntra does not sell counterfeit products at all. … Since customers are well aware of the brands, all the biggies try to bring up the product for every segment of customer (Adidas shoes will range from 1400 INR to 15000 INR).

Why myntra is expensive?

The one things great about Myntra is – the variety and size availability. They are also the market leaders and thats perhaps the only reason for the pricing. People do buy at Myntra without even looking at other Portals.

How much is myntra worth?

In 2014 Myntra was acquired by Flipkart in a deal valued at ₹2,000 crore (US$280 million).

Is myntra good for clothes?

Myntra is such a good site for finding good clothes but you better pray that your order is perfect the first time you order it because if anything goes wrong, they’re not going to care or help.

Who is owner of Flipkart now?

WalmartFlipkart/Parent organizations

Are brands on myntra original?

Flipkart-owned online fashion store Myntra is increasing focus on its original fashion brands and introducing more such brands in the future. The company currently has eight original fashion brands – Roadster, Dressberry, Mast & Harbour, Anouk, SherSingh, Kook n Keech, ETC and Hrithik Roshan’s casual wear brand HRX.

Why myntra is not opening?

Probably the server is overloaded, down or unreachable because of a network problem, outage or a website maintenance is in progress… Is Myntra.com down for you right now? Submit your comments about Myntra.com service status or report an issue below to let others know that they aren’t the only ones having trouble.

Is myntra in profit?

New Delhi: Myntra Designs Pvt. Ltd, the holding company of online fashion retailer Myntra, reported a net loss of ₹ 151.20 crore in 2017-18 (FY18)—a 76% drop from ₹ 627.70 crore loss reported in FY17, documents filed with the Registrar of Companies (RoC) showed.

Does Walmart own myntra?

Walmart had brought 77 percent stake in Flipkart back in 2018 for $16 billion. This deal included all the subsidiaries of Flipkart such as online fashion retailers Jabong and Myntra.