The Enforcement Directorate (ED) has initiated a probe into Myntra regarding alleged violations of Foreign Direct Investment (FDI) regulations worth ₹1,654 crore. The Bengaluru-based company, backed by Flipkart, is accused of breaching FDI norms for e-commerce operations in India.
Rajesh Singh
Jul 25, 2026
This article was curated with AI assistance and published by the MBN News Desk.
The Enforcement Directorate has launched a formal investigation into Myntra over alleged violations of Foreign Direct Investment guidelines worth ₹1,654 crore.
Myntra is a Bengaluru-based company backed by Flipkart. The ED has alleged that the company violated existing FDI norms governing e-commerce operations in India.
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