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Flipkart infuses ₹1,100 crore in fashion arm Myntra Jabong
short by Gaurav Shroff / on Friday, 2 March, 2018
Indian e-commerce giant Flipkart has infused ₹1,147.5 crore in its online fashion retailer Myntra Jabong Private Limited. The fund infusion was reportedly done this February via Flipkart's Singapore-based subsidiary FK Myntra Holding Private Limited. Flipkart had acquired Myntra in 2014 for ₹2,000 crore while a Flipkart-owned Myntra acquired Jabong in 2016 in an all-cash deal for $70 million.
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