Melorra to secure $10M in debt funding round
Jewellery D2C startup Melorra is set to raise over $10 million in a debt funding round involving a clutch of ten investors.
As per a report by Inc42, the company is raising funds from Kalpraj Damji Dharamshi and Hina Kalpraj Dharamshi (Dharamshi Securities Pvt Ltd). The round also saw participation from Hemang Raichand Dharamshi and Harsha Hemang Dharamshi, Ravindra Raichand Dharamshi and Rupali Ravindra Dharamshi, along with Puneet Bhatia (MD, TPG Growth Capital) Mukul Agarwal (Param Capital) and Singapore-based strategic investment firm, Symphony Asia.
Founded in 2015, the Bengaluru-based D2C startup offers its users lightweight, trendy, and minimalist daily-wear gold jewellery. It utilises computer-aided design (CAD) to create its jewellery designs. The sale of its products are carried out through their website and their iOS and android mobile applications.
The company counts Symphony Asia, Lightbox Ventures, Alteria Capital, Lightbox, andBlackSoil Capital, among others as their investors.
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