Quick View: USD54mn Investment In Myntra By FlipKart Heats Up E-Commerce In India
Consumer & Retail / India / Fri 08 Mar, 2024
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