Myntra Raised Rs 100 crore

Major online fashion retailer in India, Myntra.com has raised 100 crore ($21 million).  Maximum investment contribution came from Tiger Global. Until now from its inaugural Myntra.com has raised $40 million fund.

Apart from Tiger Global, Myntra.com also received its funds from investors like IndoUS, IDG and Accel Partners.

Mukesh Bansal, CEO of Myntra, has revealed company’s plans for future growth. He said that Myntra will invest the money to improve their brand. A large part of the fund will go to technology platform and to its supply chain.

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