Myntra, an online fashion platform, received a $54 million fund infusion from Flipkart and reported 25% growth in operating revenue.
Myntra, an online fashion platform, received a $54 million fund infusion from its parent company Flipkart. Despite facing competition from Reliance's Ajio and Tata Cliq, Myntra reported a 25% growth in operating revenue for the year ended March 31, 2023. The company aims to grow its fashion e-commerce presence by adding international brands and exclusive partnerships, such as with Turkish brand Trendyol and French apparel brand Kiabi.
March 02, 2024
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