Myntra is an Indian fashion e-commerce company founded in 2007 by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena. The company started as an online platform for personalized gift items, but soon shifted its focus to fashion and lifestyle products. Today, Myntra is one of the largest fashion e-commerce platforms in India, offering a wide range of products from leading national and international brands.
Myntra started as a small startup, with its founders investing their own money into the company. The company gradually gained popularity, and in 2014, it was acquired by Flipkart, India’s largest e-commerce platform, for an estimated $300 million. Since then, Myntra has continued to grow and expand, offering a wide range of fashion and lifestyle products to customers across India.
Myntra offers a vast range of products, including clothing, footwear, accessories, and beauty products, among others. The company offers products from some of the leading brands in the world, such as Nike, Adidas, Puma, H&M, Mango, and many more. Myntra has also launched its private label brands, such as Roadster, HRX, and Mast & Harbour, which have become very popular among customers.
Features and Services
Myntra offers several features and services to make online shopping a convenient and hassle-free experience for its customers. The company offers free shipping on all orders above a certain amount, easy returns and refunds, and 24/7 customer support. Myntra also has a user-friendly mobile app, which makes it easy for customers to browse and shop for products on the go.
Impact on the Fashion Industry:
Myntra has revolutionized the fashion industry in India, by making it more accessible to a wider audience. The company has helped to bridge the gap between traditional brick-and-mortar stores and online shopping, by offering a seamless and enjoyable shopping experience to its customers. Myntra has also helped to promote Indian fashion designers, by featuring their products on its platform and giving them a platform to showcase their talent.
In conclusion, Myntra has become a household name in India, known for its vast range of fashion and lifestyle products, user-friendly platform, and excellent customer service. The company has played a significant role in revolutionizing the fashion industry in India, by making it more accessible and convenient for customers. With its continued growth and expansion, Myntra is set to become a dominant player in the global fashion e-commerce market.