Flipkartβs subsidiary Myntra which drives a big part of its commercial enterprise via distinct emblem tie-and private labels has clarified that it does now not very own any equity stake in sellers on its platform thereby complying with the brand new FDI norms. The circulate alerts a massive restructuring at Myntra since the organization keeps to promote brands via third-celebration merchants in place of at once from its logo stores.
Myntra and other e-commerce shops like Amazon have been bringing on board new vendor entities in order that they do now not flout the rules which limit online marketplaces to personal equity stakes in dealers. The p
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