New Delhi, May 28 -- Online commerce platform Myntra, part of Walmart-backed Flipkart Group, has raised Rs.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 Rs.1 with a significant premium of Rs.5,465.23 per share.

The move comes as Myntra has been expanding the scope of its business both in India and overseas. Earlier this month Myntra announced its entry into international shipping, starting with Singapore, to cater to the substantial Indian diaspora overseas with subsequent plans to expand in other markets.

Myntra, started in 200...