Flipkart infuses â¹1,100 crore in fashion arm Myntra Jabong
Indian e-commerce giant Flipkart has infused â¹1,147.5 crore in its online fashion retailer Myntra Jabong Private Limited. The fund infusion was reportedly done this February via Flipkart's Singapore-based subsidiary FK Myntra Holding Private Limited. Flipkart had acquired Myntra in 2014 for â¹2,000 crore while a Flipkart-owned Myntra acquired Jabong in 2016 in an all-cash deal for $70 million.