About Myntra
Myntra is a company based in Bengaluru (India) founded in 2007 by Priyanka Kumar was acquired by Flipkart in May 2014. Myntra has raised $123.71 million across 7 funding rounds from investors including Flipkart, Accel and Mumbai Angels. The company has 1,108 employees as of April 03, 2024. Myntra has completed 10 acquisitions, including Cubeit, Exclusively and Fitiquette. Myntra operates in a competitive market with competitors including Flipkart, Nykaa, Amazon, Snapdeal and Wish Shopping, among others.
- Headquarter Bengaluru, India
- Employees 1108 as on 03 Apr, 2024
- Founders Priyanka Kumar
- Stage Minicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Myntra Designs Private Limited
- Date of Incorporation 16 Feb, 2007
- Jurisdiction Devarabeesanhalli Village, Karnataka, India
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Annual Revenue
$542.17 M (USD)24.91as on Mar 31, 2023
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Net Profit
-$94.07 M (USD)-30.92as on Mar 31, 2023
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EBITDA
-$102.72 M (USD)-29.38as on Mar 31, 2023
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Total Equity Funding
$123.71 M (USD)
in 7 rounds
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Latest Funding Round
$50 M (USD), Series E
Jan 27, 2014
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Investors
Flipkart
& 15 more
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Employee Count
1108
as on Apr 03, 2024
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Investments & Acquisitions
Cubeit
& 9 more
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Acquired by
Flipkart
(May 22, 2014)
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People of Myntra
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Software Development Team
136 people
Leadership Team
79 people
Creative and Marketing Team
38 people
Product Management Team
36 people
Senior Team
33 people
Finance and Accounting
24 people
Data Analysis and Operations Team
17 people
Human Resources and Administration
16 people
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Funding Insights of Myntra
Myntra has successfully raised a total of $123.71M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in January 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Myntra
Myntra has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Flipkart, Accel and Mumbai Angels.
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Accel is recognized as a leading venture capital firm.
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Venture and private equity investments are managed with global diversification.
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Investor details for Myntra
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Investments & Acquisitions by Myntra
Myntra has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Cubeit, Exclusively and Fitiquette.
Investment portfolio details for Myntra
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- Portfolio identities
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Discovery, reservation, and ordering from local stores are facilitated online.
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Logistics vendors are aggregated and shipments managed via SaaS platform.
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Locked | Locked | 2015 | Locked | |
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Smartwatch for notifications and fitness tracking is developed.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for Myntra
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Financial Statements - Myntra
Detailed financials for Myntra
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- Profit trends
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Myntra Comparisons
Peer comparison for Myntra
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Competitors of Myntra
Myntra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flipkart, Nykaa, Amazon, Snapdeal and Wish Shopping, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category consumer products are offered via an online marketplace platform.
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Cosmetics, skincare, haircare, and wellness products are retailed online.
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Multi-category products are offered through an online marketplace.
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Discounted products across multiple categories are sold online.
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Online marketplace platform offering multi-category consumer products
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Detailed competitors of Myntra
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Myntra
Complete news archive for Myntra
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Frequently Asked Questions about Myntra
Myntra was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Myntra is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
John John is the current CEO of Myntra.
Myntra is a funded company, having raised a total of $123.71M across 7 funding rounds to date.
As of Apr 03, 2024, the latest employee count at Myntra is 1,108.
Annual revenue of Myntra is $542.17M as on Mar 31, 2023.
Myntra was founded in 2007 in Bengaluru, India, as an e-commerce platform focused on fashion and lifestyle sectors. A wide range of products, including apparel, footwear, jewelry, watches, beauty items, electronics, and home goods, is provided through its catalog. The service operates on iOS and Android applications, with features for order management, real-time tracking, and automated shipping via multiple carriers.
Myntra has made 10 acquisitions, including Cubeit, Exclusively, and Fitiquette.
Myntra has 16 investors. Key investors include Flipkart, Accel, Mumbai Angels, Premji Invest, and Erasmic Venture Fund.
The valuation of Myntra is $197.98M as of Jan 2014.