Myntra Faces Probe Over FDI Rules

  Published 8 months ago

ED files case against Myntra for ₹16.5B FDI violation, alleging indirect retail sales breach India’s e-commerce investment laws.

  • Myntra is accused of routing sales via retailers to bypass rules prohibiting direct customer sales by foreign-funded platforms.
  • India allows foreign firms to operate only as marketplaces; they cannot hold inventory or directly sell to consumers.
  • Similar allegations have hit Flipkart and Amazon; Myntra has yet to issue an official response.

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