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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

Too early for app-only play, Myntra finds out

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 ...