Myntra, the fashion e-commerce platform, has been profitable on an earnings before interest, taxes, depreciation and amortisation (EBITDA) basis for two quarters now and the company’s robust performance has improved Flipkart’s business profile, Walmart told analysts on May 16.Homegrown e-commerce company Flipkart acquired Myntra in 2014 and then Walmart, the US-based retailer, acquired Flipkart.
Open FlipThe benchmark S&P 500 and tech-heavy Nasdaq rose marginally on Thursday, setting fresh all-time highs a day after tepid inflation data bolstered hopes of interest-rate cuts.All three major indexes notched record closes in the previous session after a smaller-than-expected rise in consumer inflation fueled optimism that inflation was easing after three months of hotter numbers.
Open FlipSince he was very young, Bar Mor knew that he would inevitably do something with real estate. His family was involved in all types of real estate Agora, a SaaS startup serving real estate investors, grew revenue 3X year-over-year during a challenging market for its clients. That realization led him, together with Unit 8200 friends Lior Dolinski and Noam Kahan, to found Agora.
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