India: Jewellery brand Melorra raises $12.5m from Symphony Asia, others

Photo by Anne Edgar on Unsplash

Online jewellery brand Melorra announced on Wednesday that it has raised $12.5 million in funding from private equity firm Symphony Asia, Lightbox Ventures, and Alteria Capital.

The financing also saw participation from existing and new family offices of Burman, Jeejeebhoy and others, the Bengaluru-based startup said in a statement. The funds will be used for technological innovations, product innovations, and brand marketing, it added.

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