India, Feb. 6 -- Fashion ecommerce major Myntra has reportedly received an infusion of $81 Mn (around INR 709 Cr) from its parent entity Flipkart.

According to an ET report, this was an internal cash transfer recorded in November 2024.

This follows Flipkart's reported infusion of $339 Mn into Myntra in March last year.

Founded in 2007 by Mukesh Bansal, Ashutosh Lawania and Vineet Saxena, Myntra is a marketplace which allows third-party sellers to sell their fashion products to customers.

In 2014, Flipkart bought the fashion ecommerce company for $240 Mn.

Myntra's revenue from operations for the financial year ending March 2024 (FY24) stood at INR 5,121.8 Cr, up about 15% from INR 4,465 Cr in the previous fiscal.

Including other inco...