>>
Home / Knowledge / News / Apparel/Garments / Flipkart infuses Rs 415 crore into Myntra
Flipkart infuses Rs 415 crore into Myntra
19
Mar '18
Flipkart infuses Rs 415 crore into Myntra
Indian e-tailing company Myntra recently bagged a capital infusion of around Rs 415 crore from its Singapore- based parent, FK Myntra Holdings, according to its latest regulatory filings in India. FK Myntra Holdings paid Rs 624 per share of Myntra Designs, which runs the online portal. The company’s board approved this in January this year.

The development comes after Myntra's parent Flipkart pumped in Rs 4,500 crore to its wholesale arm Flipkart India, according to a report in a top Indian newspaper.

Myntra recently reported revenues of Rs 2,000 crore for the financial year ending 2017, managing an almost 90 per cent growth. The company's revenue grew about 40 per cent a year earlier.

Flipkart group with the combination of its own fashion business along with Jabong and Myntra dominate the online fashion space. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Sportswear Company Spa
Lenzing Aktiengesellschaft
Lululemon Athletica Inc
Vianney Textil Hogar S.A. De C.V.
Babyshop
Abit
TESCO INTERNATIONAL SOURCING LIMITED
IKEA of Sweden AB
Alix Partners
PVH Corporation
BIMBA ;& LOLA SL
Midas Clothing Limited
SYNERGIES HONG KONG LIMITED
Landmark Group
Sateri (Jiujiang) Fiber Co.,Ltd
LC Waikiki
Hela Clothing Pvt Ltd
Restoque S.A.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
The LYCRA Company Singapore  Pte. Ltd
International Textile Manufacturers Federation
Aquarelle Clothing Limited
Aramark Uniform ;& Career Apparel, LLC
Tommy Hilfiger
Tchibo GmbH
Target Corporation (MN)
Desigual - ABASIC, S.A.
Page Industries Limited (Bangalore)
T.T. Limited
John Varvatos
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Under Armour Global Sourcing Ltd
Sportmaster Ltd.
Cat Tuong Real Estate Group Joint Stock Company
Boardriders Asia Sourcing Limited
Benetton Group
Brandix Lanka Limited
Arvind Limited
Lisa S.P.A.
Calvin Klein
Decathlon
KAS Direct Sourcing
G-Star Raw C.V.
The Top Form Brassiere Manufacturing Company Limited
Gloria Jeans
J ;& P Coats
Gokaldas Exports Limited
Guess Europe Sagl,
Truetzschler India Private Limited
Puma
Chori Company Limited
Amazon China
THE BOMBAY DYEING ;& MFG.CO. LTD
Sainsbury's Argos Asia Limited
KIABI
Phong Phu international JSC (PPJ)
Lifestyle
Gap International Sourcing Limited
OVS Hong Kong Sourcing Ltd.
SHAHI Exports Pvt Ltd
Bluestem Global Sourcing Limited
Esprit Europe Services GmbH
H;&M Hennes ;& Mauritz (Far East) Ltd
Vardhman Textile Ltd
Reiter India Private Limited
Lacoste (Wanchai)
Etam Group Strategy Hong Kong Limited
Chico’ FAS
Tory Burch Hong Kong Ltd
Rayonese Textile Inc., Division de Culp Inc.
Groz-Beckert East Asia LLP
C;&A Sourcing International Ltd
Gatsby Africa
Rosset ;& Cia Limited
BIANCA
Huntsman (Singapore) Pte Ltd
NITI Aayog
Varner AS Retail
Hirdaramani International Export Private Limited
Seasalt Limited
Grasim Industries Limited
Eastman Chemical Company
Permoda(Koaj/Armi/Pronto/Bkul)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Green Fibre
Walmart
Recron Polyester from Reliance Industries Limited
Maceton Limited
Alison Hayes Romania
MAS Active / MAS Kreeda / MAS Bodyline

January 2022

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


Advanced Search