<ul><li>Fashion ecommerce platform Myntra has received an infusion of INR 1,062.50 Cr from its Singapore-based parent company.</li><li>The funding was through the allotment of equity shares to FK Myntra Holdings Private Limited at a face value of INR 1 with a premium of INR 5,465.23.</li><li>Myntra, acquired by Flipkart in 2014, has been scaling up operations and turned profitable in FY24, posting a net profit of INR 30.9 Cr.</li><li>The funding will aid Myntra in global expansion, as the company recently entered the Singapore market and is focusing on fortifying its market share amidst competition in the fashion delivery space.</li></ul>

Myntra Gets INR 1,062 Cr From Singapore Parent

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