IDG-backed Myntra Designs, which runs lifestyle e-commerce site Myntra.com, is looking to expand across India.
India-based Myntra Designs Pvt Ltd, which runs lifestyle e-commerce site Myntra.com, is looking to raise $100m to help it double its sales to $135m (Rs800 crore) in FY14 and to expand to new cities across India. News of the fundraising efforts were first reported by Techcircle.in, however the fundraising has yet to be publicly announced.
As previously reported by Global Corporate Venturing the company has attracted significant capital for its sector in its home market of India including its most…
