Indian eCommerce Giant Myntra Rejects M&A Talks, Raises $50M
Although you have probably never heard of it, Myntra is quietly capturing a huge segment of India's $3.1 billion eCommerce market. Myntra is, "India's largest online shopping destination for fashion and lifestyle products, with the latest catalog of original branded products for men, women and kids." Although Myntra is not as large or successful as India's largest eCommerce company, Flipkart - who raised the largest E Round of 2013 - it took a major step last week.