Indian Fashion Startup Myntra Reports Financial Loss in Fiscal Year 2026
Flipkart-owned fashion e-commerce marketplace Myntra reported a net loss of 582 crore INR for the fiscal year 2026.
Bengaluru-based online fashion marketplace Myntra slipped into a financial loss during the fiscal year 2026, reporting a net loss of 582 crore INR. The performance marks a sharp downturn from the profit recorded in the previous fiscal year.
The drop was primarily triggered by a massive 53.2% crash in logistics and shipping service collections alongside elevated advertising expenditures. This downturn occurred amid corporate restructuring and a significant leadership transition under parent firm Flipkart Group.
Original source
inc42.com
Related Articles
Instacart Reportedly Held Sale Talks With DoorDash and Uber
Instacart has reportedly hired a bank to explore its options and held acquisition talks with DoorDash — and briefly with Uber.
Rivian Buys World-Model Startup to Speed Up Self-Driving
Rivian acquired Third Dimension, a small U.K. team that builds 3D worlds from images and video, to accelerate its autonomy work.