Myntra secures over ₹1,062 crore funding from FK Myntra Holdings

New Delhi: Online commerce platform Myntra, part of Walmart-backed Flipkart Group, has raised ₹1,062.50 crore from parent FK Myntra Holdings Pvt Ltd (Singapore), according to financial data accessed by business intelligence platform Tofler.

This investment involved the issuance of 1.94 million shares to the parent. Each share had a nominal amount of ₹1 with a significant premium of ₹5,465.23 per share.