Movie: Walmart-backed Flipkart has invested US$116 million in Indian fashion retailer Myntra, part of the $800 million Flipkart invested in other businesses in March (Pranav Balakrishnan / The Economic Times)

Pranav Balakrishnan / Economic Times:

Movies: Flipkart backed by Walmart has invested 116 million US dollars in the fashion retailer Myntra India, part of $ 800 million to invest in Flipkart other businesses in March– new investment came as Myntra facing new challenges, including Reliance Ajio is emerging as a significant second player in the market.

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