Myntra secures $81 million fund infusion from parent Flipkart

Online fashion retailer Myntra has received an $81-million fund infusion from its parent firm Flipkart – at a time when the company is pushing its quick delivery offering for apparel.Myntra is set to face increased competition in the online apparel retail space with the comeback of Chinese fast fashion platform Shein, which has returned to the Indian market after a five-year ban.

According to regulatory filings made in Singapore, Myntra’s holding company, FK Myntra Holdings Pvt Ltd, received the capital in November, making it the second investment…