In an attempt to boost its leadership position in the fashion segment, Flipkart has infused Rs.338 crore into online fashion store Myntra, according to documents filed with the Registrar of Companies.
Myntra Designs Pvt. Ltd in January received the funds from Singapore-based FK Myntra Holdings Pvt. Ltd, a unit of Flipkart Ltd, the documents show.
The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is struggling—it recently underwent a management...
Flipkart invests another Rs338 crore in Myntra
Myntra Designs Pvt. Ltd in January received the funds from Singapore-based FK Myntra Holdings Pvt. Ltd, a unit of Flipkart Ltd, the documents show.
The fresh funds come at a time when Myntra’s nearest rival, Rocket Internet-backed Jabong, is struggling—it recently underwent a management...
Flipkart invests another Rs338 crore in Myntra