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Myntra loses Rs 50 crore
Myntra Loses Over Rs 50 Crore Nationwide In 'Refund Scam': Know How Scammers Operate
In a sophisticated refund scam, Flipkart-owned fashion website Myntra has lost millions of rupees after fraudsters exploited the company's customer-friendly refund policies. The loss came to light amid the audit process of the company.
Myntra’s ₹50 Crore Refund Scam: Fraudsters Exploit Customer Policies to Steal Millions
A sophisticated scam exploiting Myntra's refund policies has led to losses of ₹50 crore across India, with Bengaluru alone accounting for ₹1.1 crore from over 5,500 fraudulent orders.
Myntra loses Rs 1.1 cr to refund scam: Here’s how fraudsters exploit complaint system
Myntra recently approached Bengaluru police, reporting a loss of Rs 1.1 crore between March and June this year due to fraudulent refund claims.
Myntra ₹1.1 crore refund scam: Fraudsters cheat e-commerce platform with fake orders
A Jaipur-based gang exploited Myntra’s return policies to cheat the platform of ₹1.1 crore by placing bulk orders for branded merchandise and claiming false refunds.
Myntra loses Rs 50 crore to scammers, 5,529 fraudulent orders were placed in Bengaluru: Report
Myntra Designs enforcement officer Sardar MS said that the fraud came to light during an audit. The Bengaluru Police said they suspect the involvement of a gang from Rajasthan.
Myntra Reports Loss of ₹1.1 Crore Due to Refund Scam in Bengaluru, Fraudster Exploits Refund Policy
Myntra, a Flipkart subsidiary, recently reported a significant loss of ₹1.1 crore due to a refund scam in Bengaluru. Fraudsters exploited the company's refund policy by placing bulk orders and then claiming refunds for non-existent,
Myntra loses Rs 1.1 crore to ‘refund’ scam: Jaipur to Bengaluru -- how the scammers operated
A refund scam targeting Myntra, costing millions, has been uncovered. Fraudsters exploited the company's return policy by placing bulk orders and then
16h
Inside Myntra’s belief in Q-comm, and what its 2-hour delivery means for apparel retail
Indias largest online apparel retailer recently launched M-Now in certain pockets of Bengaluru. While this is a quick ...
2d
Myntra Achieves ₹30.9 Cr Profit in FY24: Revenue Soars by 15% Amid Cost Cuts
Following a loss of ₹782.4 Cr in FY23, Myntra, one of India's top fashion e-commerce sites, reported a net profit of ₹30.9 Cr ...
inc42
2d
Myntra Turns Profitable In FY24, Revenue Soars 15%
Myntra turned profitable in the fiscal year 2023-24 (FY24), posting a consolidated net profit of INR 30.9 Cr as against a ...
Newspoint on MSN
1d
Online Shopping: Shock from Flipkart and Myntra! You will have to pay a charge even if you cancel your order, why is this necessary?
Online shopping has become very popular in tier 1 and tier 2 cities in the last few years. Whatever is needed, it is ...
2d
After platform fees, Flipkart and Myntra to charge for order cancellations
Ordering products online from Flipkart and Myntra could become expensive. The e-commerce company may soon introduce ...
newsbytesapp.com
3d
Myntra swings to profit in FY24 after FY23 ₹782cr loss
Myntra's operational revenue witnessed a significant growth of 14.71% in FY24, increasing from ₹4,465 crore in FY23 to ₹5,121 ...
3d
on MSN
Myntra End Of Reason Sale: Layer up with stylish coats and blazers and stay snug
The ultimate window of stocking up on coats and blazers is now open, thanks to Myntra's End Of Reason Sale! So shop till you ...
AFAQS
3d
Myntra's OOH campaign mixes 'Market Volatility' with price crashes
To further amplify the “Price Crash” theme, Myntra has also featured another activation in line with Crash Courses which is ...
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