Myntra plans to invest in 15-20 brands with Brand Accelerator programme
Wednesday, February 22, 2017, 9:57 AM
Fashion retailer Myntra is planning to invest in and build strategic partnerships with at least 15-20 local fashion brands. Company is also looking to bring more international brands to its marketplace this year. Brand Accelerator programme was launched in December last year and has set a target of generating a valuation of about $500 million-$1 billion from these private brands over next three years.