Update: Myntra has also acquired Exclusively.in, the parent company of Sher Singh. According to the company the acquisition will allow it to expand operations internationally. Exclusively.in started as a flash sales site but pivoted to a standard e-commerce model offering designer apparel and accessories. It ships products only to the US and UK. We'll update this post with more details shortly. Myntra.com, the fashion and lifestyle products focused e-commerce company, has acquired SherSingh.com, the global private label online brand which offers sports-inspired lifestyle apparel for men and women. The exact value of the transaction has not been disclosed but it was a cash cum equity deal, according to a statement from the company. Following this acquisition, the Sher Singh brand of products will now be exclusively sold on myntra.com and shersingh.com. Sher Singh’s senior management team along with its employees will also be absorbed into Myntra and will contribute towards strengthening Myntra’s private label portfolio, the company informed. Myntra will also leverage Sher Singh’s fashion and design experience to strengthen its private label and presence in the US market, and will also maintain Sher Singh’s New York design studio. Sher Singh was launched in 2011 by Exclusively.in Inc, an ethnic wear focused e-commerce portal (www.Exclusively.in) targeting the US and UK markets but also ships to India. The company has offices in New Delhi and New York. Last year, cricketer Zaheer Khan had invested in fashion brand ‘Sher Singh’. Another cricketer, Yuvraj Singh, had invested in parent company, Exclusively.in. We've been witnessing a number of mergers and acquisitions in ecommerce within…
- After CIC’s Decision, NIXI Resumes Publishing Dispute Resolution Decisions December 1, 2022
- The Delhi High Court ordered a sexually-explicit video to be taken off the internet December 1, 2022
- What India’s IT Minister has to say about the concerns around the new data protection bill December 1, 2022
- Tamil Nadu pushes for Aadhaar-EB card linking despite data risks December 1, 2022
- Info on Online Gambling Law’s Report & Consultation Can’t Be Provided: Tamil Nadu Govt December 1, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...