Myntra secures Rs 1,063 crore funding from Singapore-based parent entity
Myntra secured Rs 1,062.5 crore ($124 million) funding from parent FK Myntra Holdings amid its expansion to Singapore. The firm launched Myntra Global to serve the Indian diaspora, turning profitable in FY24 with Rs 31 crore net profit. It is also competing in rapid delivery alongside rivals like Zepto and Newme.
Myntra secured Rs 1,062.5 crore ($124 million) funding from parent FK Myntra Holdings amid its expansion to Singapore. The firm launched Myntra Global to serve the Indian diaspora, turning profitable in FY24 with Rs 31 crore net profit. It is also competing in rapid delivery alongside rivals like Zepto and Newme.
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