About Melorra
Melorra is a company based in Bengaluru (India) founded in 2015 by Saroja Yeramilli. Melorra has raised $88.34 million across 14 funding rounds from investors including InCred, BlackSoil and Venture Catalysts. The company has 1 employees as of April 09, 2024. Melorra offers products and services including Earrings, Rings, Pendants, Necklaces, and Chains. Melorra operates in a competitive market with competitors including GIVA, BlueStone, CaratLane, Aulerth and Fourseven, among others.
- Headquarter Bengaluru, India
- Employees 1 as on 09 Apr, 2024
- Founders Saroja Yeramilli
- Stage Minicorn
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Sectors
Retail
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Phone
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Website
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Social
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- Legal Name August Jewellery Private Limited
- Date of Incorporation 16 Jan, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$44.1 M (USD)361.41as on Mar 31, 2022
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Net Profit
-$12.91 M (USD)-73.68as on Mar 31, 2022
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EBITDA
-$12.58 M (USD)-48.47as on Mar 31, 2022
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Total Equity Funding
$88.34 M (USD)
in 14 rounds
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Latest Funding Round
$1.08 M (USD), Series E
Jun 20, 2024
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Investors
InCred
& 75 more
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Employee Count
1
as on Apr 09, 2024
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Products & Services of Melorra
Melorra offers a comprehensive portfolio of products and services, including Earrings, Rings, Pendants, Necklaces, and Chains.
Trendy earrings designed for everyday and special occasion wear.
Various ring styles for work, party, and casual outfits.
Minimal pendants that enhance necklines for daily use.
Statement necklaces suitable for different fashion events.
Simple chains for layering in everyday fashion.
Traditional-modern mangalsutra designs for cultural wear.
Timeless solitaire pieces as gifts or personal investments.
People of Melorra
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Funding Insights of Melorra
Melorra has successfully raised a total of $88.34M across 14 strategic funding rounds. The most recent funding activity was a Series E round of $1.08 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Melorra
Melorra has secured backing from 76 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include InCred, BlackSoil and Venture Catalysts.
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Venture capital investments are directed toward India's consumption market businesses.
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Private equity firm focused on education, lifestyle, healthcare, and real estate sectors
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Investor details for Melorra
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Investments & Acquisitions by Melorra
Investment portfolio details for Melorra
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Financial Statements - Melorra
Detailed financials for Melorra
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Melorra Comparisons
Peer comparison for Melorra
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Competitors of Melorra
Melorra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GIVA, BlueStone, CaratLane, Aulerth and Fourseven, among others.
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Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
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Subscription-based jewelry is provided by digital-first brand BlueStone.
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Precious jewelry is offered online for men and women.
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Precious jewelry is offered through an online platform.
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Online platform offering designer jewellery
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Detailed competitors of Melorra
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Latest news on Melorra
Complete news archive for Melorra
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Frequently Asked Questions about Melorra
Melorra was founded in 2015.
Melorra is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Saroja Yeramilli is the current CEO of Melorra. They have also founded this company.
Melorra is a funded company, having raised a total of $88.34M across 14 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Melorra is 1.
Annual revenue of Melorra is $44.1M as on Mar 31, 2022.
Melorra was founded in 2015 and is based in Bengaluru, India. Operations focus on e-commerce in the jewelry sector, where items such as bracelets, earrings, rings, pendants, necklaces, bangles, nose pins, and chains are sold. Designs incorporate gold and diamonds. Gold and silver coins are available, alongside wedding gift selections through the platform.
Melorra offers Earrings, Rings, Pendants, Necklaces, and 3 more products and services.
Melorra has 76 investors. Key investors include InCred, BlackSoil, Venture Catalysts, Dabur, and LetsVenture.
The valuation of Melorra is $25.93M as of Jun 2024.