Flipkart-owned e-commerce Stage Myntra that saw 80 Percent Earnings fall in FY2018 has Dropped Back on last-mile Shipping, tapping over 9,000 kirana Shops across 50 cities to Quickly deliver Bundles.
Now, almost 60 percent of Myntra’s merchandise pick-ups and deliveries occur by its”Kirana Delivery Programme” – helping the organization reduce shipping costs, the business told IANS on Tuesday.
“Myntra’s’Kirana Delivery Programme’ is a thriving model introduced by the enterprise to quicken order delivery at the most effective way possible, while still ensuring that we supply a fantastic partnership chance to our kirana partners,” a company spokesperson told IANS.
“We shall continue to innovate, expand and aspire to enroll more kirana partners later on too,” the spokesperson added.
The”Kirana Delivery Programme” is an innovative model introduced by the enterprise to quicken purchase delivery, while developing a stage for kirana shops to have an extra source of revenue.
“A mutually beneficial version, it’s helped Myntra attain increased customer satisfaction and is improving the quality of living of their proprietors of many’mom & pop’ shops throughout the nation,” stated the business.
A number of and beauty parlour owners, amongst others, also have signed up using Myntra for its programme.
The internet fashion retailer narrowed its combined reductions to Rs. 178.7 crore for 2017-18, in comparison to a reduction of Rs 655.8 crore in the last fiscal.
In accordance with company intelligence platform Tofler, the business saw its earnings growing almost threefold to Rs. 427.4 crore in 2017-18 according to Rs. 155.6 crore in the last year.
In May this past year, Walmart purchased a 77 percent equity stake in the business to get a whopping $16 billion.