Myntra Designs cuts losses by over a third, revenues jumps three-fold

The improved show by Myntra Designs comes at a time when the government is tightening the norms for online retailers

Flipkart-owned Myntra Designs Private Limited, which operates ecommerce marketplace for fashion and lifestyle products, has cut down its net losses by more than a third while at the same time improving its revenues by around three-fold.

According to regulatory filings made by the company which were sourced from business intelligence platform Paper.vc, the unit reported a net loss of Rs 178.78 crore in FY18 as compared to Rs 655.86 crore reported in FY17.

The consolidated revenue of Myntra Designs jumped by close to three-fold to Rs 427.42 crore in FY18 as compared to Rs 155.6 core reported in