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Melorra raises $8.9 Mn led by Shadow Holdings

Shortpedia

Content Team
Image Credit: inc42

Indian fine jewellery brand Melorra is raising INR 66 Cr (nearly $8.9 Mn) in debt funding led by Shadow Holdings. Lightbox and Embassy Group’s CFO Gopinath Ambadithody also participated in this round. Prior to this, the company has raised $12 Mn from Lightbox Ventures and BlackSoil Capital. The company claimed to have recorded a 400% year-on-year (YoY) growth in FY19