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Myntra secures $81 million fund infusion from parent Flipkart

Economic Times

Economic Times · 16d

Myntra secures $81 million fund infusion from parent Flipkart

Myntra, an online fashion retailer, secured an $81-million fund infusion from parent company Flipkart. Myntra faces growing competition as Shein re-enters the Indian market. Following a previous $339 million injection in March 2024, the funds were allocated internally. Myntra reported a net profit of Rs 31 crore for fiscal 2024, contrasting a Rs 782 crore loss previously. Expanding its 30-minute delivery service, Myntra plans to enter more Indian cities while enhancing beauty and home decor segments.

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Rahul Kumar

Hello Everyone. This is Rahul Kumar from Haridwar Uttarakhand India We are a manufacturer of all types household products My company name is Natural Herbal & Cosmetic Products. I am establish of my business. So we are required best investor of my business

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15 days ago

Avneet Baroca

Nice

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0

15 days ago

n pasal

I am searching investor for my projects and business no loss 99% business once it will take speed if anyone interested call or message me on Whatsapp +917068607202

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0

15 days ago

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