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Myntra grows 80% y-o-y; set to achieve profitability in FY18

The acquisition and turnaround of Jabong and the recently concluded festive season have contributed to this growth

Press Trust of India  |  Bengaluru 

Online fashion retailer Myntra today said it has witnessed an 80 per cent year-on-year growth (Oct, 2015 to Oct 2016) with an industry leading revenue run rate of USD 1 billion. The acquisition and turnaround of Jabong and the recently concluded festive season have contributed to this growth and strengthened Myntra's position on its path to profitability, it said. "We are at the forefront of fashion in India today with over 18 Million monthly active users. Our unique approach to leverage technology to decode fashion has helped us become the fastest growing online fashion ...

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