"Our private brands have performed exceptionally well. Our approach of building own brands makes us unique," Ananth Narayanan, Chief Executive Officer of Myntra and Jabong, said in an interaction with the media here.
"Myntra's Fashion Brands today has nine of the top 20 brands on the platform," he said.
"This is a massive breakthrough for e-commerce in the country at a time when e-commerce is facing questions on losses and burns," the company said.
"Our vision is to build Myntra Fashion Brands into the largest fashion house in the country in the next five years and be the supplier of private brands to the world," said Manohar Kamath, the chief of Myntra Fashion Brands.
Fashion portals Myntra and Jabong, owned by Flipkart, India's largest online retailer, are two of the leading online fashion retailers in the country.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.