Targets 10x growth in online sales for the brands over 3 years

Expects to drive a valuation of $1 billion over the next 3 years through this program

Bangalore, June 6, 2017: As part of a new initiative, Myntra, India’s leading destination for fashion and lifestyle online, announces the launch of its Accelerator Program. Through this initiative, Myntra is looking at forging strategic partnerships with about 10-15 local fashion brands that have a strong founding team and unique design sensibility. The program is designed to accelerate growth of these brands through technical, know how, analytics and branding support from Myntra.

As a part of this program, Myntra has signed partnerships with two brands, Chemistry and AKS and has five more brands in the pipeline. Chemistry is a trendy fashion brand for women, who want to stand apart from generic fashion. With a reach of about half a million customers at present, its association with Myntra through the Accelerator program is expected to take it to 3 million customers in the next 3 years. AKS is an ethnic wear brand for the modern day Indian women. The brand’s strong product value proposition has helped it scale to a $6 million annual GMV in 3 years. Under Accelerator, it is expected to witness a growth of 10X over the next 3 years.

Speaking on the occasion, Ananth Narayanan, CEO, Myntra-Jabong, said, “We believe that the next 3-5 years will see the emergence of many new national brands. As the leaders in the fashion & lifestyle space in India, Myntra and Jabong are well positioned to work closely with some of these emerging brands to propel them to the national stage. The brands will be able to leverage our core strengths – largest mass premium customer base and data driven insights on consumer, while also getting operational support.  We are looking at creating about $ 1 billion incremental valuation for the Myntra Accelerator brands over the next 3 years. We look forward to working with the best of Indian entrepreneurial talent in the brand building space”

Sunil Jhangiani, CEO Chemistry said, “Being an offline brand with a strong foundation, our association with Myntra opens up a new world of opportunities for us in terms of reach, visibility and volumes through the online channel. Myntra’s expertise in building successful online brands over the years, backed by strong technological support will aid us in shaping the future of Chemistry and establishing it as one of the foremost fashion brands in the country. We expect the online sales to become 50% of the brand sales in 3-5 years”

Nidhi Yadav, Founder, AKS added, “As an online-first brand, we started small with a passion for design and identity. By associating with Myntra, we are taking the first major step towards creating a national brand. Myntra’s ability to build brands through digital marketing, capture and provide insights on customer behavior and enable reach to 8 million+ women shoppers will be a game changer for our brand.  ”

With successful in-house brands such as Roadster and HRX, Myntra has the know-how of creating brands that have the potential to be category leaders. An online-first approach ensures that brands scale much faster and at better economies compared to an offline model. Through this program Myntra will help partners to build their brand online through Myntra and Jabong and also leverage data from the 18 million monthly active users to get insights on customer behavior and product assortments.

About Myntra:

Myntra is India’s leading platform for fashion brands and pioneer in m-commerce play. Myntra has partnered with over 2000 leading fashion and lifestyle brands in the country such as Nike, adidas, Puma, Levis, Wrangler, Arrow, Jealous 21, Diesel, CAT, Harley Davidson, Ferrari, Timberland, US Polo, FabIndia, Biba and many more to offer a wide range in latest branded fashion and lifestyle wear. Myntra services over 19,000 pin codes across the country. With the largest in-season product catalogue, 100% authentic products, Cash on Delivery and 30-day Exchange/Return policy, Myntra is today the preferred shopping destination in India.

The post Myntra signs on Chemistry and AKS for its Accelerator Program appeared first on Core Sector Communique.

~ Offers 200,000 products from more than 1,000 Fashion & Lifestyle brands ~

Mumbai, June 16, 2014: eBay India ( www.ebay.in ), India’s leading eCommerce marketplace, offers savvy shoppers a wide selection of Fashion & Lifestyle merchandise for Men and Women through 200,000 products across 1,000 national & regional brands.

The aesthetically designed fashion interface is carefully curated in line with the latest-in-season fashion trends for products ranging from Apparel, Accessories, Jewellery, Footwear, Fragrances, Beauty and Health Products.

Catering to consumers across 4,306 cities, towns & villages in the country, eBay India also offers merchandise from popular brands available on eBay India are United Colors of Benetton, Biba, Remanika, AND, Stop, John Players, W, Aurelia, Fabindia, Avirate, Biara, Peri Peri, Lovable, Jealous21, Amante, PUMA, Chemistry amongst many others. Popular regional brands such as Do Bhai, Roopkashish, Shree, Pehran, Pothy’s, PN Gadgil and Ishta to name a few are also available on eBay India.

Talking about the Fashion experience on eBay India, Mr. Upamanyu Bhattacharya, Director categories, eBay India, said ”We have magnified the entire fashion shopping experience by offering consumers a wide assortment of national & regional brands from all corners of India. Consumers can conveniently shop by size, colour, style, fabric and brands besides taking a quick view of the product with improvised sharper images.”

All products on eBay India are covered under eBay Guarantee, which offers shoppers a replacement or refund on all transactions in case they are dissatisfied with the product they purchased. PaisaPay, eBay’s secure payment gateway, allows consumers to pay conveniently through credit card, debit card and net banking. The payment is released to the merchant only once the product is delivered. Consumers can also redeem their PAYBACK points on eBay India across all product categories.

To find Fashion on eBay India, please log on to: www.ebay.in/fashion

About eBay India

eBay India ( www.eBay.in ), India’s leading eCommerce marketplace, is India’s No. 1 online shopping destination where thousands of Indian entrepreneurs list a wide range of products across Electronics, Lifestyle, Collectibles and Media categories. eBay India is a 100% subsidiary of eBay Inc.

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