Friday, 11 March 2016

This Time Flipkart Parent Company Inverts $50 Million in Myntra

Posted by Anshul Katiyar
Flipkart a India's top eCommerce company reported to invest $50 Mn on its partner eCommerce company Myntra, which is online fashion mega store. According to Roc filling we got to know that Filpkart pumped Myntra to compete its reveal company Jabong.

This Funding helps Mynta to boost their services and also helps them to expand more in their niche.


This all happens after their top competitor Jabong succeed to raise fresh funding of $20 Mn from Global Fashion Group.


According to Inc42 report, This year Myntra revenue jumped upto 77% which very good for any company. This year Myntra made (INR 780 Cr) with the total loss of (1.278 Cr), according to ROC.


Flipkart don't wants to see their company to lay down in any ways and that's why they are totally ready to face any type of financial loss in any terms, they only wants to lead in market.   


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