Latest news with #Flipkart-owned
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Business Standard
4 days ago
- Business
- Business Standard
Myntra raises ₹1,062 cr from parent firm in fresh capital infusion
The Flipkart-owned platform eyes growth in Singapore and beyond, posts Rs 30.9 crore profit in FY24, and readies for its flagship sale event starting May 31 Peerzada Abrar Listen to This Article Myntra, the online fashion platform owned by Walmart-backed Flipkart Group, has secured Rs 1,062.5 crore in fresh funding from its Singapore-based parent entity, FK Myntra Holdings Pvt Ltd, according to regulatory filings reviewed by business intelligence platform Tofler. As part of the capital infusion, Myntra issued approximately 1.94 million shares, each with a face value of Rs 1 and a premium of Rs 5,465.23 per share. The development comes at a time when the company is scaling up its operations in India and overseas. Myntra recently forayed into the international market with the launch of Myntra Global, marking its first
Time of India
21-05-2025
- Business
- Time of India
Cleartrip appoints Manoj Awasthi as chief technology officer
Flipkart-owned online travel platform Cleartrip on Wednesday announced the appointment of Manoj Awasthi as its Chief Technology Officer, terming it a strategic move to bolster the company's leadership. At Cleartrip, Manoj will lead the tech charter, bringing together engineering, data, and infrastructure to build a more scalable and user-focused platform, it stated. Prior to joining Cleartrip, Manoj served as the chief technology and product officer at Julo. Ramesh Gururaja, senior vice president, consumer products & growth, Flipkart said, "Manoj's appointment is a big step forward in building a future-ready leadership team with strong, cross-functional expertise. His arrival aligns perfectly with our vision of strengthening our tech platform to drive long-term growth and innovation". Manoj Awasthi, chief technology officer, Cleartrip, said, "Over the years, I've led large product and engineering teams and built platforms that serve millions. At Cleartrip, I look forward to bringing that experience to modernise our tech stack, make room for faster experimentation, and build systems that make travel planning simpler and smoother for our users". In April 2021, Flipkart acquired a majority stake in Cleartrip.
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Business Standard
21-05-2025
- Business
- Business Standard
Flipkart's Cleartrip appoints Manoj Awasthi as chief technology officer
Flipkart-owned online travel platform Cleartrip on Wednesday announced the appointment of Manoj Awasthi as its Chief Technology Officer, terming it a strategic move to bolster the company's leadership. At Cleartrip, Manoj will lead the tech charter, bringing together engineering, data, and infrastructure to build a more scalable and user-focused platform, it stated. Prior to joining Cleartrip, Manoj served as the Chief Technology & Product Officer at Julo. Ramesh Gururaja, Senior Vice President, Consumer Products & Growth, Flipkart said, "Manoj's appointment is a big step forward in building a future-ready leadership team with strong, cross-functional expertise. His arrival aligns perfectly with our vision of strengthening our tech platform to drive long-term growth and innovation". Manoj Awasthi, Chief Technology Officer, Cleartrip, said, "Over the years, I've led large product and engineering teams and built platforms that serve millions. At Cleartrip, I look forward to bringing that experience to modernise our tech stack, make room for faster experimentation, and build systems that make travel planning simpler and smoother for our users". In April 2021, Flipkart acquired a majority stake in Cleartrip.
Time of India
21-05-2025
- Business
- Time of India
Cleartrip appoints Manoj Awasthi as chief technology officer
Flipkart-owned online travel platform Cleartrip on Wednesday announced the appointment of Manoj Awasthi as its Chief Technology Officer, terming it a strategic move to bolster the company's leadership. At Cleartrip, Manoj will lead the tech charter, bringing together engineering, data, and infrastructure to build a more scalable and user-focused platform, it stated. Prior to joining Cleartrip, Manoj served as the chief technology and product officer at Julo. Ramesh Gururaja, senior vice president, consumer products & growth, Flipkart said, "Manoj's appointment is a big step forward in building a future-ready leadership team with strong, cross-functional expertise. His arrival aligns perfectly with our vision of strengthening our tech platform to drive long-term growth and innovation". Manoj Awasthi, chief technology officer, Cleartrip, said, "Over the years, I've led large product and engineering teams and built platforms that serve millions. At Cleartrip, I look forward to bringing that experience to modernise our tech stack, make room for faster experimentation, and build systems that make travel planning simpler and smoother for our users". Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories In April 2021, Flipkart acquired a majority stake in Cleartrip.
India.com
21-05-2025
- Business
- India.com
Mukesh Ambani's BIG boycott against Turkey, stop selling products on this platform, closed office in…
There is a huge backlash in India against Turkish products after their support for Pakistan during its tensions with India. Reliance's Ajio and Myntra have stopped selling Turkish brands. Trade organizations like CAIT (Confederation of All India Traders) also called for a complete boycott of Turkish goods. India's military action targeting terrorist bases in Pakistan under the 'Operation Sindoor,' and Turkey's support for Pakistan have led to public dissatisfaction with Turkey. Mukesh Ambani's Action On Turkey Mukesh Ambani's Ajio and Myntra have removed Turkish fashion brands like Koton, LC Waikiki, Mavi, and Trendyol. Ajio has also closed its office in Turkey and ended its partnership with Turkish textile firm Kivanc Tekstil. Flipkart-owned Myntra was the exclusive distributor of Trendyol and now removed the brand from its platform. CAIT represents over 125 trader leaders, has passed resolutions urging Indian businesses to close ties with Turkey and Azerbaijan. It supports restrictions on imports, exports, and tourism with these nations. AICPDF also announced an indefinite and complete boycott of Turkish products which are impacting food product sales of Rs 20 billion (around $234 million). Travel platforms like MakeMyTrip, Ixigo, Cleartrip, and EaseMyTrip have suspended services to Turkey. Ixigo has also extended this ban to Azerbaijan and China. Impact On Turkey India annually imports goods worth $2.7 billion from Turkey like mineral fuels, precious metals, and textiles. The boycott will affect Turkish exports to India as retail stores and e-commerce platforms refuse to sell Turkish products. CAIT has also called for a boycott of Indian films shot in Turkey or Azerbaijan and asked production companies to avoid these nations for promotional use.
