Melorra, established in January 2016 by Saroja Yeramilli, is India’s fastest-growing lightweight D2C brand designing BIS-hallmarked, affordable, and trendy jewelry for everyday wear. The brand creates a wide range of pieces with gold and diamonds that allow women to sport fashionable designs and wear fine jewelry every day. The brand has so far raised over $55 million in funding from investors including Symphony Asia, Lightbox Ventures, 9Unicorns, Value Quest, Venture Catalysts, Param Capital, Alteria Capital, and family offices of some of India’s biggest business houses. The company has been growing 100 percent yearon-year and has reached annual recurring revenue of $100 million. “We aim to continue expanding and targeting $1 billion in revenue by 2026,” said Saroja Yeramilli, Founder and CEO, Melorra.
GROWTH IN COVID TIMES
This story is from the March - April 2023 edition of Retailer.
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This story is from the March - April 2023 edition of Retailer.
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