Myntra raised $5mn from IDG, NEA-IUV and Accel Partners in 2008 and the Bangalore based startup has raised Series B round of $14mn.
Post Series A, Myntra took the offline route and established their presence in retail malls and also launched brand stores for corporate houses.
The retail gifting plus custom tee market has seen immense growth in the last 3 years and Myntra is one of the early players in this space. But as any successful Internet venture (in India), the real monetization will come from offline medium and that’s where Myntra (and other players in this space) is focusing on.
At $14mn round, what do you think is the company valuation?
PS: We will update this article once we have the details of investors participated in this round (apart from Accel Partners).