On March 5, 2024, Flipkart invested $54mn in its subsidiary Myntra, an India-based fashion e-commerce platform. This follows a previous investment of $105mn in March 2023, supported by Walmart.

The Latest: On March 5 2024, the India-based e-commerce giant Flipkart announced a USD54mn investment into Myntra, an India-based fashion e-commerce platform, a subsidiary company of Flipkart. This follows a similar investment in March 2023 of USD105mn. Flipkart’s investment into Myntra comes after the US-based Walmart, the largest shareholder in Flipkart, announced additional funds of USD600mn into its India investments. 

Source : Quick View: USD54mn Investment In Myntra By FlipKart Heats Up E-Commerce In India

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