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FMCG company Meolaa raises $6 Mn led by General Catalyst

EntrackrEntrackr · 16d ago
FMCG company Meolaa raises $6 Mn led by General Catalyst
Medial

Meolaa, an end-to-end technology-powered FMCG company, has secured $6 million in pre-Series A funding round led by General Catalyst with participation from Claypond Capital, Colossa Ventures, Kunal Shah, Turbostart Global, and other existing investors. Prior to this, the Bengaluru-based startup had raised $4.43 million in a seed funding round from Manipal Group and others. The proceeds will be utilized for AI and data science infrastructure, brand expansion, and operational agility and scale, Meolaa said in a press release. Launched in 2023 by Ishita Sawant, Meolaa is an e-commerce marketplace that curates sustainable and high-quality Direct-To-Consumer (D2C) brands in categories like fashion, beauty, home, and baby care. The company operates on a marketplace model, charging brands a commission on sales and aims to empower conscious consumers by providing ethical and mindful product choices. According to Meolaa, it augments AI and advanced analytics across its business verticals, integrating consumer market intelligence, new product development, packaging and branding innovation, and supply chain and distribution optimization. This end-to-end technology-powered framework creates a unified workflow that accelerates decision-making, strengthens product design, and ensures that every stage of the brand lifecycle is informed by actionable insights. Meolaa addresses this gap through a unified AI-powered brand creation framework that combines real-time consumer intelligence, structured innovation processes, and intelligent go-to-market orchestration. Meolaa's first and flagship brand, HIRA, serves as definitive proof of concept to the company’s approach, achieving Rs 1 crore in monthly recurring revenue within just three months of launch. The marketplace claims to have served over 6 lakh customers and crossed Rs 100 crore ARR within 18 months.

Logistiex raises $250K in bridge round

EntrackrEntrackr · 1y ago
Logistiex raises $250K in bridge round
Medial

New-age e-commerce startup Logistiex has raised $250,000 in its bridge round led by PACE Family Office, with contributions from notable angel investors, including Siddhant Khemka. The proceeds will be used to further enhance product development and expand the tech team, Logistiex said in a press release. In July last year, the startup had raised $425K in its pre-seed round. Founded in 2023 by Sarvartha Kanchan and Vineet Agarwal, Logistiex helps sellers manage their e-commerce presence through a single sign-on using the Logistiex Universal Platform. As per the company, the platform currently is in the beta stage and is generating revenue. “Our approach, notably influenced by the founding team and experience in tech and e-commerce, promises innovative solutions like unified seller and fulfillment platforms, aimed at simplifying e-commerce backend in India. We are here to make the sellers find their winning mojo on multi-channel ecommerce business model” said Sarvartha Kanchan. The startup has recently launched the MVP for its fulfillment platform, experiencing a notable spike in system adoption.

E-com marketing and analytics company NuvoRetail raises $350k

EntrackrEntrackr · 1y ago
E-com marketing and analytics company NuvoRetail raises $350k
Medial

E-commerce marketing and analytics company NuvoRetail has raised $350k in a new funding round. The funds will be used to develop its Enlytical.ai, an AI-ML driven platform for e-commerce bid automation, insights, and reporting, while also supporting global expansion efforts, NuvoRetail said in a press release. Launched in 2017 by Vishal Sharma, Enlytical.ai provides a unified panel to manage multiple e-commerce platforms across different KPIs like sales, marketing, portfolio, content, supply chain management, pricing, loyalty etc. It allows brands to understand how their business and products are performing. According to the Delhi-based company, its platform also includes an AI-based media spends optimization engine that leverages cutting-edge AI algorithms to analyze campaign performance and optimize media budget allocation. The company claims that it ensures a higher ROI by minimizing wasteful spending and maximizing audience engagement based on retail readiness signals. It competes with Concent, Agora PH, and Domain Bharat.

B2B cross border e-com startup BEYOBO raises Rs 6.7 Cr

EntrackrEntrackr · 1y ago
B2B cross border e-com startup BEYOBO raises Rs 6.7 Cr
Medial

B2B cross border e-commerce platform BEYOBO has raised Rs 6.7 crore in its pre Series A2 round that was oversubscribed by 300%. The round has been led by Indian Angel Network and saw participation from International Startup Foundation, SAN Angels along with angels and HNIs. The proceeds will be used to bring more international brands to the Indian market and tech platform upgrade. Founded by Anil Agrawal, BEYOBO is an online marketplace where it acts as a gateway for Indian SMEs who want to import goods from other global markets. It also facilitates foreign brands and sellers who want to expand their reach in the Indian market, both online and offline. The startup’s e-commerce platform claims to have doubled its growth over the last one year. The platform currently sells across several varieties including cosmetics, mobile and accessories, household goods and much more. The order fulfilment is executed by BEYOBO. According to an industry report, the B2B e-commerce market in India surged to a staggering $18.2 billion in 2023, a significant leap from $5.6 billion in 2021.

Turbostart leads $2.5 Mn round in Lighthouse PropTech

EntrackrEntrackr · 7m ago
Turbostart leads $2.5 Mn round in Lighthouse PropTech
Medial

Snippets Turbostart leads $2.5 Mn round in Lighthouse PropTech Proptech startup Lighthouse PropTech has raised $2.5 million in a new funding round. Turbostart led the round with $1 million, along with participation from the Dabur Family Office and several other HNI family offices, valuing the company at $13.5 million. The fresh funds will be utilized for expansion as it builds a technology-driven platform for luxury real estate transactions in India, Lighthouse stated in a press release. Launched by Sumesh Mishra, Lighthouse PropTech aims to empower its clients with innovative solutions to efficiently manage their luxury real estate portfolios. The company’s offerings include Luxury Listings—an exclusive platform showcasing premier, handpicked properties—and Luxury Exclusives, which provides tailored experiences and bespoke property opportunities. According to Lighthouse PropTech, it is developing a next-generation digital platform to transform luxury real estate transactions for HNIs and UHNIs, offering a seamless, AI-powered investment experience. Market research indicates that India's luxury real estate market is experiencing unprecedented growth, with the segment expected to surpass $100 billion by 2030, growing at a CAGR of 21.81%. Founded in 2019, Turbostart is a global early-stage venture capital firm and accelerator. With a global presence spanning India, the Middle East, the US, and Singapore, Turbostart has launched five funds over five years, supporting over 50 diverse startups across various sectors and stages.

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