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Total amount raised
$1.1B
Latest funding date
2025-05-28
Location
Myntra has successfully navigated 17 funding rounds, securing investments from 12 different investors, including FK Myntra Holdings and Flipkart. The platform has also made strategic investments and acquisitions, such as its recent acquisition of Pretr Online Services Pvt. Ltd.
Keep reading to explore the intricacies of Myntra's fundraising journey and the investors backing this innovative platform.
Myntra has raised funding across multiple rounds from investors including Accel, Tiger Global, PremjiInvest, Sofina, FK Myntra Holdings, and Flipkart.
Keep reading to explore Myntra's full fundraising journey, from its earliest seed round to its most recent capital infusion.
What Is Myntra?
Myntra is India's leading fashion e-commerce platform, headquartered in Bengaluru. Founded in 2007 by Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena, the company started as a gifting portal before pivoting to online fashion retail. It was acquired by Flipkart in 2014 and continues to operate as a key brand within the Walmart-backed Flipkart Group. Myntra offers a wide range of apparel, footwear, and lifestyle products from both international and domestic brands.
How Much Funding Has Myntra Raised?
- Seed Round
- Amount Raised: Undisclosed
- Date: October 2007
- Lead Investors: Erasmic Venture Fund (Accel India Venture Fund II), Mumbai Angels
- Series A
- Amount Raised: USD 5,000,000
- Date: November 2008
- Lead Investors: NEA-IndoUS Ventures (Kalaari Capital), IDG Ventures India (Chiratae Ventures)
- Other Investors: Accel India Venture Fund II
- Series B
- Amount Raised: USD 14,000,000
- Date: March 2011
- Lead Investors: Tiger Global Management
- Other Investors: IDG Ventures India, Indo-US Venture Partners (Kalaari Capital)
- Series C
- Amount Raised: USD 21,000,000
- Date: February 2012
- Lead Investors: Tiger Global Management
- Series D
- Amount Raised: USD 25,000,000
- Date: May 2013
- Lead Investors: Accel, Tiger Global Management
- Series E
- Amount Raised: USD 50,000,000
- Date: January 2014
- Lead Investors: PremjiInvest, Sofina, Accel, Tiger Global Management
- Pre-Money Valuation: USD 200,000,000
- Post-Acquisition Funding Round (Flipkart)
- Amount Raised: USD 103,000,000
- Date: October 2020
- Lead Investors: FK Myntra Holdings (Flipkart's Singapore-based parent entity)
- Funding Round
- Amount Raised: USD 66,400,000
- Date: September 2021
- Lead Investors: FK Myntra Holdings
- Funding Round
- Amount Raised: USD 116,000,000
- Date: March 2022 (reported April 2022)
- Lead Investors: Flipkart (Singapore entity)
- Funding Round
- Amount Raised: USD 105,000,000
- Date: March 2023
- Lead Investors: Flipkart
- Funding Round
- Amount Raised: USD 54,000,000
- Date: January 2024
- Lead Investors: Flipkart
- Funding Round
- Amount Raised: USD 339,000,000
- Date: March 2024
- Lead Investors: Flipkart
- Funding Round
- Amount Raised: USD 81,000,000
- Date: November 2024
- Lead Investors: Flipkart
- Undisclosed Round
- Amount Raised: USD 124,000,000 (~INR 1,062.5 crore)
- Date: May 2025
- Lead Investors: FK Myntra Holdings (Singapore)
Total Amount Raised: At least $1.1B based on disclosed funding rounds (note: several post-acquisition rounds are internal capital transfers from Flipkart/FK Myntra Holdings and not external venture funding).
Key Investors
- FK Myntra Holdings
- Details: Singapore-based holding entity of Flipkart Group; has been the lead investor in multiple post-acquisition funding infusions into Myntra, including the most recent round of ~$124M in May 2025.
- Flipkart
- Details: Walmart-backed Indian e-commerce giant that acquired Myntra in 2014. Has continued to invest in Myntra across several rounds, including $339M in March 2024 and $81M in November 2024.
- Accel
- Details: One of Myntra's earliest backers, participating from the Series A through Series E rounds. Played a key role in Myntra's early growth story.
- Tiger Global Management
- Details: Global investment firm that led Myntra's Series B and participated in multiple subsequent rounds including Series E. Was a common shareholder bridging the Myntra-Flipkart acquisition.
- PremjiInvest
- Details: The family investment office of Wipro Chairman Azim Premji, PremjiInvest co-led Myntra's Series E round in January 2014.
- Sofina
- Details: Belgian investment company that co-led Myntra's Series E round in January 2014 alongside PremjiInvest, Accel, and Tiger Global.
What's Next for Myntra?
Myntra is positioned for continued growth in India's competitive online fashion space. With ongoing support from its parent Flipkart and backing from the broader Walmart Group, the company is focused on expanding its brand portfolio, improving logistics, and deepening its technology investments to serve India's growing digital consumer base.
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