Debt Financing
Daily wear gold jewellery seller Melorra raises $10-M from Kalpraj Dharamshi, others
Jewellery D2C brand Melorra is raising INR 79 crore in debt from Kalpraj Damji Dharamshi and Hina Kalpraj Dharamshi of Dharamshi Securities Pvt Ltd. Hemang Raichand Dharamshi and Harsha Hemang Dharamshi, Ravindra Raichand Dharamshi and Rupali Ravindra Dharamshi also participated in the funding round. The startup is also raising funds from Puneet Bhatia, managing director of TPG Growth Capital, Mukul Agarwal of Param Capital, and Singapore-based Symphony Asia, a strategic investment firm. The Bengaluru-based startup sells daily-wear gold jewellery.
From the Venture Intelligence PE-VC Deal Database: Between Jun-15 and Sep-20 Melorra raised INR 225 crores from BlackSoil Capital, Rainmaker Ventures, Burman Family Office and Lightbox (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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