Flipkart deal turns Premji's â¹155cr Myntra investment to â¹880cr
Wipro Co-founder Azim Premji's investment firm PremjiInvest will reportedly make over â¹880 crore on its â¹155-crore Myntra investment that was made in 2014. After the investment, Flipkart, valued at around $1.6 billion at the time, acquired Myntra. The profit comes as Flipkart has been valued at $21 billion after Walmart's decision to invest $16 billion in the e-commerce startup.