Angel Investments
D2C marketplace Meolaa attracts funding from Manipal Group's Ranjan Pai
Bengaluru-based e-commerce platform Meolaa has raised a seed round led by Ranjan Pai of Manipal Education and Medical Group (MEMG Family Office). Founded in 2022 by Ishita Sawant, Meolaa offers a D2C sales platform for brands to sell their products and aims to bridge the gap between sustainability and lifestyle. The platform claims to have boarded over 750 brands and over 50,000 products across 6 major verticals. It claims to have 3 lakh users as of March 2023. Meolaa would use the funds to hire key leadership team members across primary functions, including category, marketing, logistics & customer support, and product & engineering. It also plans to grow its headcount to 35 members in the next quarter. Meolaa had earlier raised funding from Dale Vaz, who recently stepped down from the position of CTO of Swiggy, Sixth Sense Ventures founder Nikhil Vora, and Lighthouse Funds founder Sachin Bhartiya.
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