Myntra secures $81m fund infusion from Flipkart

Indian fashion ecommerce major, Myntra received 709 crore rupees (US$81 million) fund infusion from parent company Flipkart in November 2024, following a 29.5 crore rupees (US$339 million) investment in March 2023.

Myntra’s revenue rose 15% to 5.121 crore rupees (US$584 million) , with a net profit of 30.9 crore rupees (US$3.5 million).

This funding comes as Flipkart transitions from Singapore to India ahead of a potential public listing.

Recent Myntra developments

Timeline
11-Dec-2024 📈 Myntra’s revenue jumps 15% Myntra’s FY24 revenue grows 15% to ₹5,121.8 Crore Consolidated net profit reaches ₹30.9 Crore for FY24
06-Dec-2024 🛒 Myntra debuts 30-minute fashion delivery in Bengaluru Myntra launches 30-min delivery service ‘M-Now’ Service starts in Bengaluru, with plans for expansion
23-Aug-2016 👗 Myntra’s dominance is now clear. It can’t afford to screw up Myntra to launch physical stores in 3 months. On track for $1 billion value, aims for profitability.
22-May-2015 💰 Myntra founder gets funding for Nudgespot, a customer engagement tool Nudgespot raises $650k in pre-series A funding Startup aims to expand presence to the US
08-May-2015 💼 Myntra’s early backer sets up a new fund Nu Ventures launched with $2.5M for startups Setting up $30M fund in partnership with Boston VC
18-Feb-2014 🛍️ Myntra set to open marketplace for boutique fashion brands in April

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Recent Myntra developments

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