{"id":85324,"date":"2025-12-03T00:00:00","date_gmt":"2025-12-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/myntra-to-enter-uae-malaysia-and-australia-after-singapore-pilot\/"},"modified":"2025-12-03T00:00:00","modified_gmt":"2025-12-03T00:00:00","slug":"myntra-to-enter-uae-malaysia-and-australia-after-singapore-pilot","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/03\/myntra-to-enter-uae-malaysia-and-australia-after-singapore-pilot\/","title":{"rendered":"Myntra to enter UAE, Malaysia, and Australia after Singapore pilot"},"content":{"rendered":"

Myntra<\/strong> is preparing to re-enter the UAE market<\/strong> amid broader expansion <\/strong>plans that include Malaysia and Australia<\/strong>, Moneycontrol<\/a> reports. The move builds on the Walmart-owned fashion platform\u2019s strong traction in Singapore as it eyes markets with a large Indian diaspora. Operations will run through Myntraglobal, which fulfils cross-border orders from India via local partners, allowing the firm to scale without on-ground teams.<\/p>\n

This marks the company\u2019s second foray into the UAE<\/strong> \u2014 one of Myntra\u2019s fastest-growing international traffic sources. A previous partnership in 2020 with Emaar group\u2019s Noon and Namshi<\/a><\/a> was unsuccessful and the efforts did not yield results, leading Myntra to pause regional operations. The push is a key focus area for CEO Nandita Sinha (Linkedin<\/a>), who steered Myntra to profitability and wants a sustainable, India-led offering tailored to diaspora shoppers.<\/p>\n

\n

AUTO-<\/p>\n

Ashok Leyland sets up Saudi subsidiary: <\/strong>India-based commercial vehicle manufacturer Ashok Leyland<\/a> has incorporated a wholly owned subsidiary in Saudi Arabia to establish an assembly plant, according to a filing (pdf)<\/a>. The subsidiary will serve the domestic market and regional demand. <\/p>\n

\n

FINANCE-<\/p>\n

The<\/strong> government of India will sell up to 6% of its stake in state-owned Bank of <\/strong>Maharashtra through an offer-for-sale<\/strong>, with the window opening for non-retail investors on 2 December and for retail investors on 3 December, Fortune India<\/a> reports. The offer includes a 5% base sale and a 1% green-shoe option, and the base tranche alone could raise about INR 18 bn (USD 216 mn) at current market prices. The government held 79.6% in the lender as of the September quarter, and shares closed at INR 57.66 on the announcement day, valuing the bank at about INR 443.5 bn (USD 5.3 bn).<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Ashoka Leyland sets up subsidiary in Saudi Arabia<\/p>\n","protected":false},"author":1,"featured_media":85325,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2444],"tags":[2443,2589,2639,2402,2669],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-auto","tag-e-commerce","tag-enterpriseam-india","tag-myntra","wpautop","entry"],"acf":{"mongo_id":"b5871e66-d3c8-4be1-bcb3-8e098f9bdf11","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/180.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Indian fashion platform gears up for expansion in UAE, Malaysia, and Australia","related_issue":[85312],"teaser":"Plus: Ashoka Leyland sets up subsidiary in Saudi Arabia","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.6b736019-b4f9-4143-8730-4157b159460b.mp3"},"yoast_head":"\nMyntra to enter UAE, Malaysia, and Australia after Singapore pilot - 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