wordpress blog stats
Connect with us

Hi, what are you looking for?

Myntra to add home furnishing & personal care products: Report

myntra-mobile-site

Flipkart owned fashion retailer Myntra is expanding its e-commerce business into home furnishing, personal care, and more offerings under its jewelry category, reports Livemint. A spokesperson told Livemint that the new move is aimed “at increasing focus on women customers as many of them were searching for home and furnishing products on Myntra.”

MediaNama has written to Myntra seeking clarifications and more information regarding the development, we will update story as soon as we hear from them.

App only approach, website launch: Myntra closed down its mobile website in March 2015 only to re-launch it 8 months later in November 2015. It still places a banner asking users to get the mobile app ‘used by over 15 million shoppers’ in its mobile website. In April 2015, Myntra shut down its desktop site, but re-launched it within a month;  the desktop site does not list items or products anymore.

Myntra was acquired by Flipkart in May 2014.

Funding: Last month, Flipkart invested Rs 338 crore (~$50.44 million) in Myntra. At that time, the company said it is targeting operating profitability by March next year, with plans to increase sales of higher-priced products and charging for certain deliveries.

Advertisement. Scroll to continue reading.

Native5 acquisition: In May 2015, Myntra acqui-hired the Bangalore-based mobile application development platform Native5 for an undisclosed amount. The terms and size of the deal have not been disclosed.

Appointments at Myntra

– Mukesh Bansal, Myntra’s co-founder and head of commerce quit in February. According to a statement from Flipkart, Bansal would take up “an active role to be an advisor to the company”.

-In October 2015, Myntra had appointed Gunjan Soni as its chief marketing officer and head of International brands business. Prior to Myntra, Soni was the executive vice president for strategy and CEO office with Star India.

-In July, Myntra appointed  Ananth Narayanan as its new chief executive officer. He was to start reporting from Myntra’s Bangalore headquarters starting the 1st of October 2015.

-In the same month, Myntra appointed Ambrish Kenghe as senior VP and head of products. In his new role, he will be responsible for product innovation for the company’s mobile products.

Advertisement. Scroll to continue reading.

Other developments in fashion e-commerce

-This month, Mukesh Ambani owned Reliance Industries launched its fashion ecommerce portal called Ajio.com under its Jio brand, It currently lists women’s clothing like western wear, fusion wear, lingerie, ethnic clothing, etc.

-In November 2015, Mumbai-based advertising technology firm Fork Media launched Hauterfly, a fashion and lifestyle website targeted specifically towards millennial women in India.

-In October 2015, Aditya Birla launched an online fashion portal called abof.com that lists clothing and accessories for men and women, both from Aditya Birla’s brands as well as curated clothing from other brands.

-In February, Snapdeal acquired online luxury fashion store Exclusively.com (formerly Exclusively.in) for an undisclosed amount. Note that Exclusively.in was acquired by rival Myntra in 2012.

– In the same month, Mahindra Group acquired baby products focused e-commerce venture Babyoye.com.

Advertisement. Scroll to continue reading.

-In June 2014, textile manufacturer and retailer Arvind Ltd launched its own an e-commerce service called ‘The Arvind Store’ that sells custom-tailored, and ready-made garments.

Written By

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

Views

News

India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

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

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...

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...

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