openPR Logo
Press release

Myntra secures seed funding from Erasmic Venture Fund

10-24-2007 05:24 PM CET | IT, New Media & Software

Press release from: Myntra Designs Pvt Ltd

Myntra, a consumer internet start-up aimed at revolutionizing the personalized gifting and merchandise space in India, announced today that it has secured seed funding from Erasmic Venture Fund and a few other angel investors. As part of the investment, Erasmic has nominated one member to the board of directors. Sasha Mirchandani of Mumbai Angels has also joined the board. The funds will be used for procuring advanced technology for on-demand printing, scaling up the operations, and undertaking new marketing initiatives. “We believe that these funds will help us significantly improve the customer experience and offer best quality personalized merchandise in India” says Myntra CEO Mukesh Bansal.

Myntra launched its beta website www.myntra.com in May this year and has undertaken various initiatives to significantly enhance its operational capabilities and online user experience. Myntra now has a fast-growing designer community which has enabled it to publish thousands of unique designs on its website. The company was self funded until now and has built the basic foundation before procuring external funding in this round.

Mukesh Bansal (CEO)
Email: mukesh.bansal@myntra.com
Phone: +91-80-6454 8960,61,62,63
Website: www.myntra.com

Myntra Designs is an online marketplace for on-demand consumer products where people can easily find and create unique, personalized and creative merchandise like T-Shirts, Mugs, Calendars, Keychains, Diaries and other items. They have various customization tools, easily navigable user interface and a vibrant community of designers which enables them to provide a one-of-its-kind offering in India. Myntra’s core team comprises of 5 IIT/ IIM graduates with extensive experience in building software products in multiple domains. A large number of them have worked for start-ups in bay area and India.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Myntra secures seed funding from Erasmic Venture Fund here

News-ID: 31163 • Views: 7345

More Releases from Myntra Designs Pvt Ltd

Myntra empowers Corporates with Brand Stores
Bangalore, June 8, 2010: Myntra - India's largest on-demand consumer products personalization brand has launched the 'Brand Store'. It is an exclusive portal created for corporates for all their brand merchandising needs. A Brand Store powered by Myntra, is a dedicated online store that allows company logo customization on premium branded merchandise and accessories. Along with marketing, operational and customer support, this offering from Myntra provides good value proposition in
MYNTRA LAUNCHES PERSONALIZED REEBOK ‘OFFICIAL TEAM JERSEYS’
Bangalore, April 20, 2009 – Myntra - India’s largest on-demand consumer products Personalization brand – in association with Reebok – India’s largest sportswear brand – today launched a range of personalized Reebok ‘Official Team jerseys’ for the second season of the Indian Premier League (IPL). Consumers can log on to Reebok store on the Myntra website and choose jerseys of 4 Reebok teams - Chennai Super Kings, Kolkata Knight Riders,
Myntra.com constitutes a strategic advisory board
Myntra.com, a consumer internet start-up focusing on the on-demand personalized gifting and merchandise space in India, announced today that it has constituted an advisory board comprising of six members. The charter of the advisory board is to help the company formulate business strategy and provide inputs for scaling up sales, marketing, operations and designer community. The advisory board consists of the following members: Shantanu Bhagwat (Partner – Amadeus Capital Partners,

All 4 Releases


More Releases for India

01-17-2011 | Health & Medicine
KJIVF
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will
ISO 27001 india, 27001 training india ISO, 17799 training india ISO, Compliance …
Our foundation of service delivery is based on sound research - thereby customers realizing definitive delight and Assurance resilience in their management system. We provide Consulting Services for ISO 27001 india, 27001 training india ISO,17799 training India ISO Security, BCM/BS25999, SAS 70, COBIT Implementation, Annual Compliance Check, Best Practices Implementation, & Quick Gap Analysis. It is a set of ‘best practices’ controls - management and systems - that enables