Myntra is one of India’s foremost e-commerce company, an online fashion and lifestyle store, which is headquartered in Bangalore, Karnataka. It is a huge platform for online sales and is growing rapidly and shipping more than 8000 products a day to all over the country. This organisation aims at providing a hassle free and comfortable shopping experience to customers across the nation with the widest range of brands and products on its portal. The company sells a variety of footwear, clothing, bags and backpacks, accessories, jewellery, and personal care products for men, women, and kids. In this article, we look at the procedure and eligibility for Myntra Registration.
Why sell on Myntra?
Myntra is a user-friendly interface with huge traffic growth annually and the most popular online store across India. It allows the seller to manage their store with the cataloguing support, and a well-set customer supply chain management. Hence, the sellers can focus their brand in the online shopping at Myntra. Myntra’s dedicated account managers will provide the latest industry trends and fresh content for seller’s brand. Moreover, various channel promotion campaigns, social media engagement and in-depth analytics, will help the seller to understand what it is the customers really want.
How does it work?
Myntra’s onboard specialists always work with the seller to take their brand to live as soon as possible. So, the seller can easily update inventory and start receiving orders from Myntra’s large customer base. It simplifies the product supply in which the seller only needs to keep their products ready. Myntra will pick up the products and ship it to the customers as early as possible. It’s regular settlements and working capital support enables the seller’s brand to grow rapidly.
Legal Documents Required to become a seller on Myntra
Once the business gets the registration, then the applicant should arrange the following documents as mentioned below:
- GST registration certificate and GSTIN number of applicant’s business
- PAN card details of the business entity
- CURRENT account with bank’s name and branch
- NAME of the account holder
- ACCOUNT number and IFSC Code
After the applicant’s registration for becoming a seller on Myntra gets approval, he/she will be ready to roll out their products on Myntra.
To become a seller in Myntra, the applicant should take the following action before making the registration. Myntra allows only the business entity, and not an individual to sell on Myntra. Therefore, the applicant needs to do a legal registration for his / her business.
The following are the four options to register the business as Legal identity:
- Private Limited Company
- Limited Liability Partnership
- Sole Proprietorship Firm
- Partnership Firm
Hence, the applicant must have any one of these four registrations for his/her business. Once the registration has been completed the VAT Registration is essential to sell products on the marketplace. Without VAT Registration the applicant cannot sell on Myntra.
Apply for Registration
Step 1: Official Website
The seller should visit the official website of Myntra
Step 2: Seller Registration
Click on “Registration Now” option which is visible on the home page of the portal.
Step 3: Application Form
Now the application form for the seller registration will open up on the screen.
Step 4: Complete the Details
Fill up the seller registration form with the appropriate details like
- Seller’s name
- Company’s name
- Nature of business
Step 5: Submit the Application
After filing the details, the applicant should verify the captcha and click on “Submit ” option for successful registration.
Post by Sivaramakrishnan
IndiaFilings is India's largest online compliance services platform dedicated to helping people start and grow their business, at an affordable cost. We were started in 2014 with the mission of making it easier for Entrepreneurs to start their business. We have since helped start and operate tens of thousands of businesses by offering a range of business services. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.