Meolaa Secures $2 Million in Seed Funding Round Led by Turbostart
- ByStartupStory | October 11, 2023
Meolaa, an e-commerce platform specializing in sustainable consumer products, has successfully raised $2 million in a seed funding round, with Turbostart leading the investment, as announced in a press release on Tuesday.
In response to this funding achievement, Ishita Sawant, the founder of Meolaa, shared her vision for the company. “We intend to allocate these funds to expand our team in preparation for the next phase of growth. Our objective is to establish Meolaa as the trusted platform for sustainable consumer products, empowering thousands of satisfied customers to build healthier lives.”
With this fresh injection of capital, Turbostart will play a pivotal role in driving Meolaa’s global expansion strategy, focusing on key regions such as the Middle East & Africa, the United States, and Singapore.
Ganesh Raju, the founder of Turbostart, expressed his confidence in Meolaa’s unique value proposition. He highlighted the company’s unwavering dedication to sustainability, perfectly aligning with the ever-increasing global demand for eco-conscious businesses. Recent trends underscore the preference of Generation Z for sustainable purchasing decisions over brand names, reinforcing the platform’s immense potential.
Founded by the dynamic 23-year-old entrepreneur Ishita Sawant, Meolaa boasts a diverse portfolio featuring over 1,500 brands and a vast selection of more than 125,000 products spanning six distinct categories.
Exciting news! We’re now on WhatsApp Channels too. Subscribe today by clicking the link and stay updated with the latest insights in the startup ecosystem! Click here!
Prior to this significant seed funding, the e-commerce startup had secured pre-seed investments from influential figures, including Dr. Ranjan Pai of Manipal Education and Medical Group, Dale Vaz (former CTO of Swiggy), Nikhil Vora (Founder and CEO of Sixth Sense Ventures), Sachin Bhartiya (Founder of Lighthouse Funds), and StrongHer Ventures.
Follow Startup Story
Related Posts
