Myntra

More than 50,000 jobs in data science and machine learning are lying vacant due to shortage of qualified talent

Paytm Money has appointed former ED of CDSL to its Board of Directors

Two senior leads of Myntra and Jabong have decided to leave the organisation

Myntra is targeting the Indian diaspora in Canada to sell its private brand All About You

It is also banking on Canadian fans of Deepika Padukone, the brand ambassador of All About You

Myntra is reportedly not looking to take its ecommerce platform outside India

PhonePe has already introduced similar micro-apps for redBus, Ola Cabs, GoIbibo Hotels and Flights, and Coolwinks

The move is part of PhonePe’s effort to create an open payment ecosystem for businesses

The company wants to introduce similar apps for across industries such as travel, commute, food, hyperlocal, retail, entertainment, etc.

The programme will offer privileges such as early access to sales, priority customer support, and more

Myntra predicts that 10 Mn users will use the service over the coming year

The programme will also reward its members for browsing categories, sharing feedback etc

Government e-Marketplace expects to increase its transactions to $25 Bn in three years and $100 Bn in seven years

The Centre will now allow private companies to purchase on the government platform

GeM also aims to make savings worth 1% of the GDP in the next three years

Bengaluru outlet may open till later this year or early next year

The company is also scouting for large spaces in malls and high streets across top cities

Myntra will enrol franchisees to run the beauty and cosmetics outlets

• Myntra generated $143.10 Mn (INR 1,000 Cr) in gross monthly sales in July
• The fashion retailer had posted a GMV of approximately $171.75- 186.07 Mn (INR 1,200-1,300 Cr) in June
• One of the factors responsible for Myntra’s growth is from the company’s private labels, Roadster and Moda Rapido

Post-acqusition, Myntra plans to forge omnichannel partnerships with brands on its platform

After acquisition of Pretr, a brand’s customers on Myntra will have a unified view of the brand’s inventory online and offline

Pretr’s Endless Aisle solution will also help retailers increase footfalls at their offline stores

The National Anti-Profiteering Authority has directed the director general, audit, to conduct an audit of ecommerce companies

The GST Council has slashed tax rates on household products such as chocolates, toothpaste, shampoo, etc, from 28% to 18%

The audit will check whether the excess amount collected before rate reduction has indeed been refunded to buyers or not

Flipkart Subsidiaries Myntra And Jabong Aim To Triple Their GMV To $4 Bn In Three Years

Important Indian Startup News Stories Of The Week [25 June- 30 June 2018]

Myntra Hosted Its End Of Reason Sale From June 22-25 While Amazon Fashion Hosted Its Wardrobe Refresh Sale From June 21-24