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Myntra gets fresh infusion of INR 492 Cr ahead of festive season

Shortpedia

Content Team
Image Credit: shortpedia

Flipkart-owned fashion ecommerce platform Myntra has received fresh capital infusion of INR 492 Cr from its parent ahead of the festive season sales. As per the regulatory filings accessed by Inc42, Myntra Jabong India Private Limited will be allotting 7,08,025 equity shares to its Singapore-based parent company FK Myntra Holdings for INR 455 Cr.