Myntra secures Rs 1,063 crore funding from Singapore-based parent entity

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Here’s a concise summary of the funding details for Myntra:

Funding Overview

  • Recent Funding: ₹1,062.5 crore ($124 million)
  • Investor: FK Myntra Holdings Private Limited (Singapore-based parent entity)
  • Date of Funding: Specific date not mentioned, but the announcement was regarding recent developments.

Previous Funding Rounds

  1. Funding Amount: $81 million

    • Investor: Flipkart (Parent Firm)
    • Date: November 2024
  2. Funding Amount: $339 million
    • Investor: Flipkart (Parent Firm)
    • Date: March 2024

Company and Management

  • Startup: Myntra Designs Private Limited
  • Founders: Not specified in the provided text

Additional Information

  • Myntra is expanding its services to Singapore with a platform called Myntra Global.
  • Myntra has entered the rapid delivery market with a service called M-Now.
  • The company reported a net profit of ₹31 crore in FY24, a turnaround from a net loss of ₹782 crore the previous year.

If you need more specific details or have further inquiries, feel free to ask!

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2025-05-28 08:59:00