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Online fashion and lifestyle platform Myntra has secured ₹1,062.5 crore in fresh funding from its parent company, FK Myntra Holdings Pvt Ltd (Singapore), according to financial data sourced from business intelligence platform Tofler. The funding was raised through the issuance of 1.94 million equity shares at a nominal value of ₹1 per share, with a substantial premium of ₹5,465.23 per share. The capital infusion comes as Myntra intensifies its business operations in both domestic and international markets.
This latest investment follows Myntra’s strategic expansion into international shipping earlier this month, beginning with Singapore. The move aims to serve the global Indian diaspora and is expected to extend to additional overseas markets in the near future.
Founded in 2007 and acquired by Flipkart in 2014, Myntra now boasts over 70 million monthly active users and offers a wide range of fashion, beauty, and home products from both Indian and global brands. In 2024, it had also received $81 million from Flipkart, further strengthening its financial base.
Myntra continues to enhance its service capabilities, piloting a 30-minute quick delivery service in Bengaluru last year, which has since expanded to cities like Delhi. The platform is also deepening its brand portfolio through high-profile partnerships, including a multi-year franchise deal with Abercrombie & Fitch Co., facilitating the launch of Abercrombie & Hollister stores in India. This is in addition to its partnerships with Mango, Nautica, and Next.
In FY 2023, Myntra’s revenue from operations grew 14.7% year-on-year to ₹5,121.8 crore, reflecting strong demand and strategic business scaling amid growing competition from rivals such as Ajio, Meesho, and Nykaa Fashion.
