India: Myntra clocks annualized sales of $500m; bets on app-only strategy despite slower growth

India: Myntra clocks annualized sales of $500m; bets on app-only strategy despite slower growth

Visual from Myntra's website. October 2015

Online fashion retailer Myntra is generating annualized gross sales worth more than $500 million, up from roughly $400 million in May when the company shut its website and became an app-only platform.

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