Myntra is looking to close this fiscal with $1.2 billion in GMV, open offline stores and grow its AI platform to a million dollar business by 2020. Also, find out why Flipkart leads the list of top 10 companies Indians want to work for. Catch Samsung’s latest Flipkart Exclusive & more in this weekly news digest.
Report: Indians prefer working for Flipkart
A report by LinkedIn charts out top 10 companies Indians want to work for and Flipkart leads the list! Read more.
— IBTimes India (@ibtimes_india) December 27, 2017
Flipkart to focus on higher monthly active users in 2018
Flipkart CEO Kalyan Krishnamurthy says the company will focus on increasing its monthly active users to 80 million.
Ecommerce giant Flipkart will focus on increasing the monthly active consumers by a bare minimum of 2.5x, says the CEO Kalyan Krishnamurthy
Online retailer believes that it has made competition irrelevant in 2017 and will shift focus to increasing monthly active transacting customers.
Flipkart to look beyond gross sales numbers: Kalyan Krishnamurthy https://t.co/9ra8bQY71t
— Livemint (@livemint) January 1, 2018
Myntra expected to announce EBITDA profitability
Myntra CEO Ananth Narayanan says Myntra is on track to close this fiscal with $1.2 billion in Gross Merchandise Value. Read more.
Myntra to launch multi-brand offline stores
The launch is part of Myntra’s O2O strategy.
In line with O2O strategy Flipkart-owned online fashion marketplace Myntra is now considering to launch its own multi-brand offline stores
Flipkart group’s fashion and lifestyle e-tailing arm Myntra is planning to enter the beauty market by opening a chain of offline stores selling multi-brand cosmetics and wellness products, a media report said, citing two people in the know.
After launching roadster and wellness store, @myntra plans to launch leading multi-brand offline stores.
Know all about it in the story below ↓ https://t.co/hrnVELT5Cw
— Inc42 (@Inc42) December 25, 2017
Myntra CEO on the future of Rapid
Myntra CEO Ananth Narayanan says Rapid, Myntra’s AI platform, will be a million dollar business by 2020.
Fashion e-tailer Myntra plans to turn its artificial intelligence (AI) and machine learning platfrom called Rapid into a separate business vertical, just like parent Flipkart.
— Ananth Narayanan (@ANarayanan24) December 30, 2017
Xiaomi Redmi 5A on sale through Flipkart
Xiaomi’s latest launch, the Redmi 5A, is available in two variants.
Chinese smartphone maker Xiaomi recently launched ‘Desh Ka Smartphone’ Redmi 5A in India. It is the cheapest smartphone of the company till date.
— Gadgets To Use (@gadgetstouse) December 28, 2017
— DNA (@dna) December 21, 2017
Samsung’s latest Flipkart Exclusive is on sale!
The Samsung On Nxt with 16GB storage, full HD display, and 3GB RAM is available exclusively on Flipkart. Read more.
— Telecom TALK (@TelecomTalk) January 1, 2018
— DNA (@dna) January 1, 2018