Premji tries Myntra on for size
The growth of Indian e-commerce is well documented and recent estimates by online marketplace and industry poster child Flipkart illustrate just how much farther it has to go. According to Sachin Bansal, Flipkart’s co-founder and CEO, e-commerce grew by 80% in 2013 and it will continue to expand at this pace for the next 5-6 years, reaching $70 billion by 2020.
Myntra Designs, a Bangalore-based online fashion retailer, is the latest firm to benefit from this optimism. It raised a $50 million round of funding led by Premji Invest, an investment arm owned by Indian...
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