Myntra, Jabong CEO looks at high-growth rate, imminent expansion

Flipkart-owned Myntra and Jabong now account for a little over 1% of India’s $100 billion fashion and apparel industry with more than $1.2 billion in gross merchandise value (GMV) growing at over 50% in the last fiscal year, according to chief executive Ananth Narayanan. Even as the platform gains scale, Narayanan is bullish about maintaining its high growth rate and is investing in new spaces such as personal care, home, jewellery and wearable technology. These plans will remain intact even as the company stares at an imminent acquisition, which could happen as soon as the next couple of months. Edited excerpts from an interview: