Flipkart invests ₹175 crore in fashion e-tailer Myntra: Report

E-commerce giant Flipkart has infused ₹175 crore into Myntra, its fashion and lifestyle accessories marketplace arm, reported Entrackr. Last year, Flipkart had invested ₹1,500 crore in Aditya Birla Fashion and Retail for a minority stake of 7.8% and an undisclosed amount in Virat Kohli-backed Universal Sportsbiz (USPL) as well. Flipkart had acquired a majority stake in Myntra in 2014.