August 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Flipkart invests Rs 260 crore

The Flipkart Group in July announced it has invested ...

  • Mr Kalyan Krishnamurthy

The Flipkart Group in July announced it has invested Rs 260 crore to purchase a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions (AFL). Arvind Youth Brands owns the popular Flying Machine denim brand that has been retailing on Flipkart and Myntra for more than six years.

With this investment, the Flipkart Group and Arvind Fashions will work collaboratively to identify opportunities and synergies to innovate and develop products with strong value propositions at attractive price points, the ecommerce platform said in a statement.




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