Zivame reports 84 percent jump in net losses

As per filing with the registrar of companies, online lingerie brand Zivame has reported a 84 percent rise in net losses at R 54 crores in FY 2016. Actoserba Active Wholesale, the promoter company reported a 38 per cent growth in its net sales at R 62.6 crore during the period. The company’s revenues are the commission it gets from retailers on sales.