wordpress blog stats
Connect with us

Hi, what are you looking for?

Key Events In Myntra’s Journey : A Timeline

After months of speculation, Flipkart has confirmed that it has bought the Bangalore-based online fashion store Myntra. Myntra founder Mukesh Bansal will join Flipkart board. Both entities will remain independent. Follow our liveblog on the announcement here.Here is a quick look at the important events in Myntra's journey until now: May 2007: Myntra started off as an on-demand online personalization platform for consumer products, which allows users to find and create personalized and creative merchandise like T-Shirts, Mugs, Calendars, Keychains, Diaries and other items. The company was started by Mukesh Bansal, Ashutosh Lawania, Raveen Sastry and Vineet Saxena who pooled in Rs. 50 lakh as seed money for the venture. October 2007: Myntra had raised undisclosed amount of seed investment from Erasmic Venture Fund (Accel India Venture Fund II) and Mumbai Angels. November 2008: Myntra raised $5 million from NEA-IndoUS Ventures, IDG Ventures and Accel India Venture Fund II. The company reported revenues of Rs 4-5 crores. It also claimed to have a client base of over 150 companies and over 50 colleges. June 2010: Myntra launched an online brand store solution for corporates called Brand Stores. It claimed to have deployed this solution for several corporate houses including Tech Mahindra, Cable & Wireless Worldwide, and EMC among others. March 2011: Myntra raised $14 million from Tiger Global and existing IDG Ventures and Indo-US Venture Partners (now Kalaari Capital). Following this investment, Myntra pivoted from being a personalized consumer products player to reposition itself as an online store for fashion and lifestyle products. Two of Myntra co-founders Raveen Sastry and Vineet Saxena also quit the company.…

Please subscribe/login to read the full story.
Written By

Free Reads

PhonePe

News

PhonePe explained that this collaboration with UAE’s Mashreq Bank was facilitated through Mashreq’s partnership with NPCI International Payments Limited (NIPL).

News

Bankman-Fried has also been ordered to forfeit $11 billion to repay the aggrieved customers of his crypto-exchange platform FTX.

Amazon

According to UOKiK, Amazon misled users into believing that placing an order or receiving an order confirmation was tantamount to a sales contract, which...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ