Myntra faces around Rs 539 cr net loss this year
November 06, 2019
The fashion e-tailers’ loss has more than doubled since last year.
In the previous year, Myntra got hit by a total loss of Rs 151.22 crore net loss and this year it has risen to Rs 539.20 crore.
Company has a partnership with over 3000 fashion and lifestyle brands including Nike, Ferrari, Harley Davidson and many more.
Even though the net loss has doubled, the company revenue from operations has risen.
It doubled to Rs 1,041.10 crore in this fiscal year from Rs 398.33 crore in the previous year.