There's obviously the climate cost of everything, but to be more valuable than H&M ($22B), Gap ($16.7B), and UNIQLO ($15.7B) at just ~10 years of existence is crazy
There is also Temu which is basically the same.
Shrinking profit margins are a real concern
Revenue shot up, profitability shot down. They have a big problem on their hands. Commoditising everything has its drawbacks, you can't maintain margins. Let's see how they build a brand now. They've won the hyper growth phase.
Valuation is quite overvalued tbh
That price tag is up from the $64 billion valuation it was given in a funding round early this year. But the online fashion upstart, which has disrupted an industry that had been by the likes of Zara and H&M, attained an even higher valu...
Virigo's founder is ex-Myntra CEO. Just goes to show how difficult it is to get the PMF right in cut throat world of fashion.
