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
-
Sectors
Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Myntra Designs Private Limited
- Date of Incorporation 16 Feb, 2007
- Jurisdiction Devarabeesanhalli Village, Karnataka, India
-
Annual Revenue
$542.17 M (USD)24.91as on Mar 31, 2023
-
Net Profit
$-94.07 M (USD)-30.92as on Mar 31, 2023
-
EBITDA
$-102.72 M (USD)-29.38as on Mar 31, 2023
-
Total Equity Funding
$123.71 M (USD)
in 7 rounds
-
Latest Funding Round
$50 M (USD), Series E
Jan 27, 2014
-
Investors
Flipkart
& 15 more
-
Employee Count
1108
as on Apr 03, 2024
-
Investments & Acquisitions
Cubeit
& 9 more
-
Acquired by
Flipkart
(May 22, 2014)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
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
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series E — $50.0M
-
First Round
First Round
(25 Feb 2008)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2014 | Amount | Series E - Myntra | Valuation | Premji Invest | |
| Feb, 2013 | Amount | Series D - Myntra | Valuation | Tiger Global Management , Chiratae Ventures | |
| May, 2012 | Amount | Series D - Myntra | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Accel is recognized as a leading venture capital firm.
|
Founded Year | Domain | Location | |
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location | |
|
Provides venture capital for technology startups and enterprise innovations worldwide.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Myntra
Myntra has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Cubeit, Exclusively and Fitiquette. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Discovery, reservation, and ordering from local stores are facilitated online.
|
2016 | ||||
|
Logistics vendors are aggregated and shipments managed via SaaS platform.
|
2015 | ||||
|
Smartwatch for notifications and fitness tracking is developed.
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Myntra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myntra Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an online marketplace platform.
|
|
| domain | founded_year | HQ Location |
Cosmetics, skincare, haircare, and wellness products are retailed online.
|
|
| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
|
|
| domain | founded_year | HQ Location |
Discounted products across multiple categories are sold online.
|
|
| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category consumer products
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Myntra
Frequently Asked Questions about Myntra
When was Myntra founded?
Myntra was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Myntra located?
Myntra is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Myntra?
John John is the current CEO of Myntra.
Is Myntra a funded company?
Myntra is a funded company, having raised a total of $123.71M across 7 funding rounds to date. The company's 1st funding round was a Series D of $25M, raised on Feb 25, 2008.
How many employees does Myntra have?
As of Apr 03, 2024, the latest employee count at Myntra is 1,108.
What is the annual revenue of Myntra?
Annual revenue of Myntra is $542.17M as on Mar 31, 2023.
What does Myntra do?
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.
How many acquisitions has Myntra made?
Myntra has made 10 acquisitions, including Cubeit, Exclusively, and Fitiquette.
Who are Myntra's investors?
Myntra has 16 investors. Key investors include Flipkart, Accel, Mumbai Angels, Premji Invest, and Erasmic Venture Fund.
What is Myntra's valuation?
The valuation of Myntra is $197.98M as of Jan 2014.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.