India, Oct. 8 -- House of brands startup Meolaa has raised $6 Mn (around INR 53 Cr) in its pre-Series A funding round led by General Catalyst, with participation from Ranjan Pai's family office Claypond Capital, Colossa Ventures, CRED founder Kunal Shah, and a host of undisclosed existing investors.
The Bengaluru-based company plans to deploy the fresh capital for brand expansion, to integrate AI infrastructure for predictive analytics, and expand its geographical footprint.
Meolaa plans to launch two new brands in the beauty and personal care (BPC) category in the next 18 months. Currently, the startup operates fragrance brand HIRA.
"We have three more brands in the pipeline currently. Two will be in the beauty and personal care space...
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