The Ledger
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Kamath: Amazon India grew just 5% in 2023 while Flipkart grew 7-8%
“Amazon India grew by just about five percent this year. Flipkart seven, eight percent based on higher end electronics and premiumization, which seems to be growing.”
Narayanan: Private brands grew to 30% of sales, driving Myntra's profitability
“And the private brand business of Myntra at the same time also went from seven, eight percent to call it almost 30%, which is what drove profitability. So we were among the most profitable pieces of the Flipkart ecosystem, not amongst, we were the most profita…”
Mukesh Bansal: Myntra Became India's Largest Fashion Retailer Before Flipkart Merger
“I think in three, four years, we were the largest fashion retailer in the country. 20 14 merged with Flipkart.”
Kumar: Flipkart started as a proprietorship to get a payment gateway
“By the way, when I joined, it was not even a company, it was a proprietorship. Because I didn't get a payment gateway online. So Sachin, father was a trader in, in, in, in Punjab Chandigarh. So he has some balance sheet where he will get the city avenue. That'…”