Myntra's B2B arm secures Rs 199 crore Yes Bank debt to fuel private-label push
Myntra Jabong India raised a Rs 199 crore ($31.1M) working-capital loan from Yes Bank via hypothecation, part of a Rs 300 crore facility to the Myntra group. The debt backs its private-label expansion, including Roadster's Rs 500 crore run rate, with private brands targeting Rs 1,000 crore by 2018-19.
Myntra's B2B fashion arm (Myntra Jabong India) secured a Rs 199 crore loan from Yes Bank via hypothecation for working capital, part of a Rs 300 crore facility to Myntra group, supporting its private-label push including Roadster.
Why this matters
The debt raise reinforces Myntra's push to scale owned brands and physical retail, following its global expansion via Singapore and its master-rights deals to run Mango in India with omni-channel stores.
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