Home / Knowledge / News / Apparel/Garments / Myntra.com raises capital to promote brand
Myntra.com raises capital to promote brand
Feb '12
Myntra.com, India's largest online fashion store, has successfully raised US$ 20 million in its third round of funding, taking the total funding received by the company so far to US$ 39 million.

The funding will be utilized to further develop the supply chain, technology platform and to promote the brand, according to Mr. Mukesh Bansal, Founder and CEO of the company.

Myntra.com currently retails apparels and accessories from several brands and it plans to add lingerie in the next few months. Though the company would also offer other products through its portal, it will chiefly concentrate on the fashion and lifestyle segment.

Myntra.com currently achieves sales revenue of nearly Rs. 150 million a month and it expects to increase its turnover to about Rs. 5 billion in the next financial year.

Mr. Bansal said Myntra is witnessing a good growth, especially in the Tier II and III towns. To cater to the growing demand, the firm is planning to set up its third warehousing unit in Mumbai. Myntra.com already has two warehousing units in Delhi and Bangalore.

The company has ambitious plans to increase the number of orders from the present 5,000 per day to about 5 million per day, Mr. Bansal said.

Most of the brands currently retailed by Myntra are Indian brands, but the firm intends to add more global labels to its catalogue during the next few months.

Headquartered in Bangalore, Myntra.com is ranked among the top 10 e-commerce companies in India.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search