India, May 27 -- Fashion ecommerce giant Myntra has received a fresh infusion of INR 1,062.50 Cr (around $124 Mn) from its Singapore-based parent entity, FK Myntra Holdings Private Limited.

As per its filings with the Registrar of Companies (RoC), the board of Myntra Designs Pvt. Ltd. (the Indian entity) passed a resolution on April 29 to allot 19.43 Lakh equity shares to FK Myntra Holdings at a face value of INR 1 and a premium of INR 5,465.23 on a rights issue basis.

Entrackr was the first to report the development.

This comes a couple of months after reports surfaced that Flipkart pumped $81 Mn into the fashion ecommerce major in November 2024. Besides, Myntra had also received $339 Mn from Flipkart in March 2024.

Founded in 2007 b...