Meolaa, the purpose-driven e-commerce platform, has secured $2 million in funding during its initial seed round, with Turbostart taking the lead.
In a press release, Meolaa announced that the funds will be utilized to bolster its India operations by hiring new talent and expanding its reach.
Established in 2022 by Ishita Sawant, Meola specializes in offering eco-friendly products across various categories, including beauty, home improvement, baby care, apparel, and more. The startup proudly boasts partnerships with 750 brands in its portfolio.
Based in Mumbai, this startup boasts a portfolio of more than 1,500 brands and offers a diverse selection of over 125,000 products across six distinct categories. Since its debut in January 2023, the company asserts it has achieved remarkable month-over-month growth, witnessing a 100% increase in orders, users, and Gross Merchandise Value (GMV).
Last year, the startup secured $165,000 in pre-seed funding from a range of investors, including notable names such as Dale Vaz (Swiggy), Nikhil Vore (Sixth Sense Ventures), Sachin Bhartiya (Lighthouse Funds), and StrongHer Ventures, among others.
