Policy
FEMA probe into Myntra closed after compounding
By Startup Enthusiast ·
- Date
- Company
- Myntra
- What it does
- Flipkart-owned fashion retailer
- Kind
- Policy
- Based in
- Bengaluru
What they do
The Enforcement Directorate began a probe of Myntra in July 2025 over alleged breaches of foreign exchange rules
What happened
The Reserve Bank of India then issued a compounding order, settling the case, after the agency gave a no-objection
Why it matters
The investigation has now been terminated, closing the matter for the Flipkart-owned fashion platform
The details
- The ED opened a FEMA probe into Myntra in July 2025.
- The RBI issued a compounding order after the ED's no-objection.
- The case is now closed.
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