Myntra to Change Logo After Woman Lodge Complaint Terming it Offensive, Insulting to Women
A complaint was lodged by one Naaz Patel of NGO Avesta Foundation in December 2020 demanded the removal of the logo by Myntra terming it to be offensive
| 30 Jan 2021 6:37 AM GMT
NEW DELHI: E-commerce giant, Myntra landed in a soup after a complaint was lodged with the Mumbai Cyber police alleging that the logo of Myntra is insulting and offensive towards women.
According to reports, one Naaz Patel of NGO Avesta Foundation in December last year, demanding the removal of the logo by Myntra and appropriate action against the firm.
Walmart-owned online fashion retailer Myntra Designs Private Limited reported its revenues for the financial year 2019-20 as Rs 1,719 crore, a 58 per cent jump since the last financial year. The company further reported a net loss of Rs 744 crore during the same fiscal. This is a 38 per cent increase from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses for the fiscal were reported as Rs 2,463 crore. The revenue of the firm is mainly generated from services related to marketplace, logistics and consultancy to various brands. However, the company is considering and exploring viable business opportunities with financial support from its intermediate holding company.