Friday, 24 March, 2023

Prosus Ventures may join investment round of ex Myntra CEO’s new fashion startup

<p>Amar Nagaram, the former CEO of Myntra, is in early negotiations with Prosus Ventures to join the investment round of his new business. After the financing, Nagaram&#39;s new business, a quick fashion platform for Gen Z, is probably going to be worth $150-160M. Nagaram, who resigned as the CEO of Flipkart-owned Myntra in December, is slated to announce the venture later this month under the name Virgio, which will be a division of Ameyam Enterprises.</p>