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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Series E — $1.1M
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First Round
First Round
(27 May 2015)
- Investors Count 76
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series E - Melorra | Valuation | Lightbox | |
| Jan, 2023 | Amount | Series D - Melorra | Valuation | ValueQuest | |
| May, 2022 | Amount | Debt – Conventional - Melorra | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are directed toward India's consumption market businesses.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Private equity firm focused on education, lifestyle, healthcare, and real estate sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Melorra
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Melorra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Melorra Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
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| domain | founded_year | HQ Location |
Subscription-based jewelry is provided by digital-first brand BlueStone.
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| domain | founded_year | HQ Location |
Precious jewelry is offered online for men and women.
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| domain | founded_year | HQ Location |
Precious jewelry is offered through an online platform.
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| domain | founded_year | HQ Location |
Online platform offering designer jewellery
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Melorra
Frequently Asked Questions about Melorra
When was Melorra founded?
Melorra was founded in 2015.
Where is Melorra located?
Melorra is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Melorra?
Saroja Yeramilli is the current CEO of Melorra. They have also founded this company.
Is Melorra a funded company?
Melorra is a funded company, having raised a total of $88.34M across 14 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2M, raised on May 27, 2015.
How many employees does Melorra have?
As of Apr 09, 2024, the latest employee count at Melorra is 1.
What is the annual revenue of Melorra?
Annual revenue of Melorra is $44.1M as on Mar 31, 2022.
What does Melorra do?
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.
Who are the top competitors of Melorra?
What products or services does Melorra offer?
Melorra offers Earrings, Rings, Pendants, Necklaces, and 3 more products and services.
Who are Melorra's investors?
Melorra has 76 investors. Key investors include InCred, BlackSoil, Venture Catalysts, Dabur, and LetsVenture.
What is Melorra's valuation?
The valuation of Melorra is $25.93M as of Jun 2024.
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