Flipkart invests ₹338 crore in Myntra
Online retail giant Flipkart has invested ₹338 crore in online fashion retailer Myntra, according to documents filed with the Registrar of Companies. The funds were received by Myntra Designs in January this year from Singapore-based FK Myntra Holdings, a unit of Flipkart. Myntra was acquired by Flipkart in May 2014 for $330 million.