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Walmart-owned online fashion retailer Myntra Designs Private Limited reported its revenues for the financial year 2019-20 as Rs 1,719 crore, a 58 per cent jump since the last financial year. The company further reported a net loss of Rs 744 crore during the same fiscal. This is a 38 per cent increase from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses for the fiscal were reported as Rs 2,463 crore. The revenue of the firm is mainly generated from services related to marketplace, logistics and consultancy to various brands. However, the company is considering and exploring viable business opportunities with financial support from its intermediate holding company. ....
What does fashion as a personal choice mean to you? For me, fashion is much more than a personal choice, it is a fabulous indulgence. It is aspirational and tells you about different cultures and times through human existence. Sometimes, it can be less personal because it can be driven by trends, seasons and the market demand. Style, however, is far more personal. You will be judging the Myntra Fashion Superstar. What will you be looking for in the contestants, and finally the winner? I am super excited to be judging this season of Myntra Fashion Superstar. It is actually quite a challenge to judge such incredibly talented participants, who have big dreams and so much raw potential. I will be keeping an eye out for any qualities of an influencer showcased by the contestants this season. ....