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| Ishita Sawant, Founder of Meolaa |
Founded by the young dynamic 23-year-old Ishita Sawant (in picture above), Meolaa has swiftly become a differentiated voice and a unique platform amidst Indian e-commerce since their launch.. Boasting an impressive portfolio of over 1500 brands and an assortment of 125,000+ products spanning six diverse categories, Meolaa stands as the fastest-growing one-stop-shop for high-performance, planet-conscious products, curated for Gen Z.
At the heart of Meolaa's vision lies the insight that Sustainability is the only future, and what we do now matters. Meolaa adopts an experience-driven approach to e-commerce. The platform aims to redefine the way consumers interact with brands, ensuring every shopping experience is not just enjoyable but also deeply engaging.
As the consumer landscape evolves, Meolaa recognizes the shift in preferences towards purpose-driven shopping experiences. The platform is strategically positioned to meet this demand by leveraging cutting-edge technology to deliver a seamless, personalized, and purpose-driven shopping experience to its customers. For brands, Meolaa aims to be the premier listing platform, providing solutions to the scaling and brand positioning challenges they often encounter.
Ganesh Raju, Founder, Turbostart says "We are confident about our recent investment in Meolaa, a purpose-led e-commerce platform, curated for the newer generation. This marks an exciting milestone as one of Turbostart’s initial investments with many more to follow in the e-commerce space. 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. Beyond financial support, Turbostart is strategically poised to aid Meolaa's global expansion, with a specific emphasis on regions including the Middle East & Africa, the United States, and Singapore. Ishita, a young and exceptionally talented entrepreneur, has demonstrated remarkable business acumen and we are truly impressed by her vision and passion, giving us another reason to invest in Meolaa. We are excited to join her on this incredible journey."
Ishita Sawant, Founder of Meolaa, expressed her enthusiasm about this significant milestone, saying, "Meolaa’s Seed funding is a stepping stone in our journey towards a world where all choices are sustainable choices. We aim to enable customers to shop with confidence knowing everything you buy from us is good for you, your family, and the planet. We are excited to partner with Turbostart to accelerate our journey towards empowering a sustainable revolution through our marketplace of 1500+ vetted brands. We plan to deploy these funds towards building our team for our next stage of growth, establishing Meolaa as the trusted platform for sustainable consumer products, and enabling thousands of happy customers to build a healthier life.”
Earlier, the ecommerce startup bagged pre-seed funding from Dr. Ranjan Pai of Manipal Education and Medical Group, Dale Vaz, Ex- CTO of Swiggy, Sixth Sense Ventures Founder and CEO Nikhil Vora, Lighthouse Funds founder Sachin Bhartiya and StrongHer Ventures.
Meolaa's journey is just beginning, and this seed funding marks the initial step toward realizing their vision of redefining how the newer generation shops and engages with brands in India. The platform's commitment to conscious consumption, innovation, and seamless customer experiences is poised to set new standards in e-commerce.
About Meolaa
Founded by Ishita Sawant, Meolaa is a digitally native sustainable consumer products e-commerce platform, with the mission to transform the products you use into a force for good. Meolaa hosts over 1500 brands and 125,000+ products across 6 categories, offering a one-stop-shop to bridge the gap between sustainability and lifestyle. Meolaa's platform is driven by an innovative, experience-driven approach, ensuring that customers have an engaging shopping experience while enabling conscious consumption.
The company is currently in the seed stage. Their pre-seed funding round was also $165K and occurred in March 2022. This round of funding helped to kickstart Meolaa's growth and support its mission to create a community of conscious consumers and purpose-driven brands. In March 2023, Meolaa announced that Dr. Ranjan Pai’s Family Office (Manipal Group) is leading their seed round! As of March 2023, Meolaa has a 20-member team and has amassed over 3 lakh users. Since their launch in January 2023, they have seen 100% MoM growth in orders, users, and GMV, indicating that their purpose-led, curate, experience-driven platform resonates with the need of customers.
About Turbostart
Turbostart, founded in 2019, is redefining the startup ecosystem. With its unique model and hands-on approach, Turbostart operates as both a fund and accelerator, with a presence across the globe. Adopting a cohort-based model, Turbostart identifies and selects high-potential startups each year, across all regions. While many traditional accelerators and funds offer short-term engagements and one-size-fits-all mentorship, Turbostart takes a distinct approach. This collaborative approach propels startups to rapidly validate their ideas, scale their operations, and receive strategic interventions, fueling their relentless pursuit of sustainable growth.
In just four years, Turbostart has successfully closed two funds, with three more in 2023, amassing a total fund size of USD 40 million. Notably, Fund I has already seen an appreciation of over 4X in the first cohort within three years. From an initial pool of over 6,000 applications received from 30+ countries across 15+ diverse sectors, we have meticulously curated an impressive portfolio of approximately 40 startups.
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