Premji Invest, the family office of one of India’s richest individuals, Azim Premji, is reportedly in discussions to lead a $50 million (€37 million) fundraiser in e-commerce fashion retailer Myntra.
The website, headquartered in Bangalore, was founded in 2007 and is now India’s largest online fashion and lifestyle store, with annual revenues of $120 million. It stocks Indian fashion brands, as well international household names, such as Nike, Reebok and Adidas.