Flipkart invests ₹414 crore in fashion retailer Myntra

Flipkart's Singapore-based subsidiary FK Myntra Holdings has invested ₹414 crore in fashion marketplace Myntra Design, according to filings. This comes after the e-commerce giant recently infused ₹1,147.5 crore in its online fashion retailer Myntra Jabong Private Limited. Earlier, Flipkart's Singapore entity invested about ₹4,472 crore in its wholesale arm 'Flipkart India Private Limited'.