Myntra gets $125-million fund infusion from Singapore parent firm

Fashion e-commerce platform Myntra has received a capital infusion worth $125 million (around ₹1,062.5 crore) from its Singapore-based parent company, FK Myntra Holdings. Myntra's board approved the allotment of 19,43,753 equity shares at ₹5,466/share through a rights issue to raise the funds. This follows Flipkart's earlier infusion of $81 million in Myntra's Singapore holding firm in February.