Myntra secures Rs 1,063 crore funding from Singapore-based parent entity

May 28, 2025

, By The Economic Times

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ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/online-fashion-retailer” target=”_blank”>Online fashion retailer Myntra has received fresh funding of Rs 1,062.5 crore ($124 million) from its Singapore-based parent entity FK Myntra Holdings at a time when the company has expanded its services to Singapore.

According to regulatory filings accessed from the Registrar of Companies (RoC), 19,43,753 equity shares of of Myntra Designs Private Limited have been allotted to FK Myntra Holdings Private Limited at an issue price of Rs 5,465.23 each on a rights basis to raise the total amount. The development was first reported by Entrackr.

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Myntra secures Rs 1,063 crore funding from Singapore-based parent entity

May 28, 2025

, Published By The Economic Times

ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/online-fashion-retailer” target=”_blank”>Online fashion retailer Myntra has received fresh funding of Rs 1,062.5 crore ($124 million) from its Singapore-based parent entity FK Myntra Holdings at a time when the company has expanded its services to Singapore.

According to regulatory filings accessed from the Registrar of Companies (RoC), 19,43,753 equity shares of of Myntra Designs Private Limited have been allotted to FK Myntra Holdings Private Limited at an issue price of Rs 5,465.23 each on a rights basis to raise the total amount. The development was first reported by Entrackr.

In previous…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

EU stands in solidarity with Czech Republic after cyberattack blamed on China

Next News

Vaxfab Enterprises Limited Total Income Up 540% to Rs. 59.38 Crore in FY2024-25

The Economic Times

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