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Meolaa, a Mumbai-based purpose-driven e-commerce platform featuring sustainable consumer products, has secured $2 million in a seed funding round led by Turbostart. The startup plans to use the new capital to expand its team as it enters its next growth phase.
What are the offerings of Meolaa?
Launched earlier this year by 23-year-old Ishita Sawant, Meola offers sustainability-focused products in the areas of beauty, home improvement, baby care, personal care, apparel and others.
Earlier in April this year, The startup raised an undisclosed amount in seed funding from Ranjan Pai, the Chairman of Manipal Education and Medical Group (MEMG).
Prior to that round, Meolaa raised $165,000 in a pre-seed funding round led by a clutch of investors, including Ranjan Pai of Manipal Education and Medical Group and Sixth Sense Ventures Founder and CEO Nikhil Vora and Dale Vaz, ex-CTO of Swiggy.
The startup has a portfolio of over 1,500 brands
The startup claims to have a portfolio of over 1,500 brands and a selection of more than 125,000 products across six categories. It also claims to have witnessed a 100% month-on-month growth in orders, users, and Gross Merchandise Value (GMV).
“What truly sets Meolaa apart and what makes us believe in the brand is its unwavering commitment to sustainability, aligning perfectly with the growing global demand for eco-conscious businesses. Current trends show that Generation Z prioritizes sustainable buying decisions over brand names, making a compelling case for the platform's potential," said Ganesh Raju, founder at Turbostart.
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