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Flipkart hikes Myntra’s annual budget by 25% (gadgetsnow.com)
The hike comes amid reports earlier this year that Flipkart intends to cut its annual outlay for Myntra. "This year we got 25% extra money from the Flipkart board," said Ananth Narayanan, chief executive of Myntra that was acquired by Flipkart for $300 million in 2014. He declined to specify Myntra's total annual budget.