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Myntra's net loss up 257% to ₹539 crore in FY19
short by Anushka Dixit / on Monday, 4 November, 2019
Online fashion retailer Myntra's net loss in the financial year ended March 31 grew over three times, by 257%, to ₹539 crore as compared to the last fiscal. The Flipkart-owned e-commerce platform had posted a net loss of ₹151 crore in FY2018. However, Myntra's revenues in 2018-19 were up by 155% to ₹1,089 crore compared to ₹427 crore last year.
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