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Myntra. com gets Premji Invest funding.

FASHION retailer Myntra. com has raised a fresh round of funding from a group of investors led by Premji Invest, the investment company floated by Wipro chairman Azim Premji. Founded by Mukesh Bansal in 2007, Myntra's total equity capital raised now stands at $ 75 million, contributed by-- apart from Premji Invest-- investment firms Tiger Global, NEAIUV, IDG Ventures and Accel Partners. The site has about 50,000 fashion products from over 600 brands.

As per Comscore data, Myntra had the highest number of visitors, 24 million, in December 2013 among etailing sites. Last April, Myntra acquired San Franciscobased Fitiquette, which offered a technology platform for solving fitting and size issue while buying clothes online.

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Publication:Mail Today (New Delhi, India)
Date:Feb 7, 2014
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