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Myntra bags $103 Mn, Ahead of international expansion plans

Shortpedia

Content Team
Image Credit: Shortpedia

Fashion and retail platform Myntra has raised INR 1,604 Cr ($103 Mn) funding from its Singapore-based entity FK Myntra Holdings Private Limited and its parent entity Flipkart. FK Myntra Holdings has picked up 44,84,548 equity shares worth INR 1,596 Cr and Flipkart has picked up 21,665 shares for INR 7.71 Cr. Both the companies together infused INR 16,04,66,24,493 Cr. The infusion came through in September 2020.