Myntra loss widens to ₹816 crore in 2016
Flipkart-owned online fashion retailer Myntra's losses widened to ₹816 crore for the financial year 2015-16 compared with ₹741 crore a year earlier, according to data platform Tofler. However, Myntra reported revenue of ₹1,069 crore this year, compared with ₹773 crore a year earlier. It reported a slower growth this year which is being attributed to Myntra's app-only model.