MELORRA
Peak XV, Steadview, and Think Investments line up to fund jewellery retailer Bluestone in pre-IPO round
Jewellery retailer Bluestone is in talks with Peak XV Partners, Steadview Capital, and Think Investments for a $100 million pre-IPO round. The investment is expected to value Bluestone at around $900 million pre-money.
Bluestone may turn unicorn in pre-IPO funding round
This funding round will more than double ominchannel jewellery retailer Bluestone's valuation from around $450 million in September 2023. Bengaluru-based Bluestone’s pre-IPO round is seeing interest from new and existing investors, encouraged by the Tata Group’s CaratLane deal where Titan bought out the founder’s (Mithun Sacheti) stake last year.
D2C jewellery startup Salty raises Rs 5 crore in funding led by All in Capital, Anicut Capital
Salty said the the capital raised will be deployed in initiatives, including recruiting for critical positions, expanding channels, and strengthening the brand's digital presence with the release of an app.
Unlock prosperity this Dhanteras with the best purchases that guarantee abundance
With the festival of Dhanteras just around the corner, it's time to start searching for the perfect option to choose from. From traditional gold and silver coins to utensils and home decor, there are numerous options to choose from. This article presents a collection of the best Dhanteras purchase ideas, highlighting their appeal. Whether it's a timeless piece of jewellery or a home decor item, these gift ideas are sure to bring joy and prosperity to you and your loved ones on this auspicious occasion.
Shine bright this Diwali with Up to 30% Off on Gold and Diamond Jewellery
Elevate your Diwali gifting with Amazon's exclusive sale, offering up to 30% off on opulent gold and diamond jewellery. Explore a range of exquisite items, from dazzling pendants with chains to timeless gold coins, elegant earrings, and intricate wristlets. This limited-time offer lets you celebrate the festival of lights in style, making it the perfect opportunity to gift or indulge in these precious treasures.
ET Soonicorns Summit 2023: Lessons in addressing complex challenges and building tailored and responsible data-driven and AI solutions
At the Bengaluru edition of the ET Soonicorns Summit 2023, top industry innovators and experts from Homelane, MFiNe, Furlenco, Mellora and more shared practical learnings from successful startup playbooks, charting a course for next-generation Indian startup founders to implement innovative and meaningful AI solutions in their respective domains.
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ET Soonicorns Summit 2023: Experts spotlight how entrepreneurs can leverage data and AI for business success
Inside the ‘Leveraging Data and AI for Business Success’ closed-door roundtable discussion at the Bengaluru edition of ET Soonicorns Summit 2023. From strategic insights to key learnings and principles shared by top industry leaders and visionaries, here are some of the pivotal drivers of data and AI-powered business transformation.
Three partners to leave VC fund Lightbox Ventures
Sandeep Murthy remains the only partner in the Mumbai-based firm, which has 25 portfolio firms. Portfolio firms backed by the departing executives are likely to stay within Lightbox, sources said.
CapFort Ventures launches Rs 200 cr India tech fund; plans to invest in 40 startups in next 2 years
The VC fund will invest in startups in India with a valuation within Rs 100 crores.
Jewellery brand Giva raises Rs 200 crore from Premji Invest, others
Giva Jewellery on Wednesday announced that it had raised Rs 200 crore in a Series B funding round led by Premji Invest.
Accel-backed BlueStone elevates COO Sudeep Nagar to cofounder
With this, IIM-Ahmedabad alumnus Nagar joins founder and CEO Gaurav Singh Kushwaha as the second founder of the Bengaluru startup.
D2C brand Melorra clocks ARR of $100 million in six years
Delivering in over 26,000 pin codes across India, UAE, USA, UK, and Europe, Melorra offers trendy, lightweight, BIS Hallmarked gold & diamond jewellery at affordable prices.
ET Startup Awards 2022: Lead’s Smita Deorah wins the Woman Ahead award
Lead provides an integrated, tech-enabled solution to schools with a focus on learning outcomes through a hybrid model (classroom and digital).
ET Startup Awards 2022: Nominees for Woman Ahead
The award honours startup should be launched and led by a woman who competes and wins against the best in the business.
ETtech Deals Digest: D2C startups steal the show
Neso Brands, GreyOrange and Fashinza collectively raised over $300 million.
D2C jewellery brand Melorra raises $16 million in funding
The company said it will use the funds to strengthen brand marketing activities and to roll out more offline stores across the country.
LetsVenture rebrands its platform for angel investors
The company plans to develop and launch new products for the investor and startup community in the next 12 months.
Melorra gets $24 million funding from 9Unicorns, others
Founded in 2016, Melorra delivers hallmarked gold jewellery to 718 Indian districts. The brand claims to have delivered to over 2,700 towns in India so far.
Omnichannel jewellers ride on demand for sub-Rs 20,000 category
Jewellers bet on this range to drive their sales till there is a significant recovery in the economy even as many small town customers have started buying jewellery online.
Melorra to open three stores in NCR
This will be followed with store launches in Delhi in January, and Mumbai within the next six months. The stores, which will primarily be located in malls and high streets across India, will range from 500-1,500 sq ft in size and showcase 500-1,000 jewellery designs.
Melorra enters brick and mortar retailing space
"From online to offline, the launch of the retail stores will provide a seamless, customer-in-control experience. We are a brand taking inspiration from global fashion trends, and launch a new collection every week," Saroja Yeramilli, founder and CEO, Melorra, said.
Online jewellers get boost as e-tools click with shoppers
Jewellery shopping is a traditional affair around Diwali and Dhanteras, but business was a muted affair due to sharp rise in gold prices and economic hardships due to the pandemic.
E-jeweller Melorra raises US$12.50 million from marquee investors
The startup plans to use the capital to enhance its technological infrastructure, product innovations and brand marketing.
Online jeweller Melorra gets $12 million from Lightbox, others
The latest round takes the brand’s lifetime funding to about $25 million.
Women Inc Budget wishlist: Tax-free healthcare equipment, reforms to promote ease of doing business
With expectations riding high, top bosses have their wishlists ready for Nirmala Sitharaman.
Lightbox raises $54 million expansion fund, looks to double down on portfolio companies
The fresh raise also comes at a time when risk capital funding in the country has plunged, compared with 2015, driven by a combination of global macro conditions and investors tightening their belts.
India's top funded startups for 2016
2016 has not been an easy year for startups. With investors looking for profits, startups have found out that raising funds is not going to be easy.
3D printing jewellery powers Melorra to record $5 million seed round
"The industry has always designed jewellery in a silo without being in touch with the changing needs of Indian women," says Yeramilli.
Why are investors writing larger cheques for startups
It has never been as good for new startups. Hungry investors in pursuit of the next big winner are writing larger cheques than ever for yet unproven firms, while essential capital eludes larger companies. ETs scopes the factors driving this trend.
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