Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 25 2018

Online jewellery startup Melorra aims to earn Rs 40 crore revenue in current fiscal

The brand had clocked revenue of Rs 8.5 crore in the first year (2017-18) of its business.

Melorra, an online jewellery startup, is aiming nearly five times jump in its revenue at Rs 40 crore in the current fiscal on optimistic demand from non-metro cities. The brand had clocked revenue of Rs 8.5 crore in the first year (2017-18) of its business.

Saroja Yeramilli, Founder and Chief Executive, Melorra, said, "Much of the demand is coming from non-metro cities. We are getting orders from smaller cities and adding 100 new cities for delivery every month. We expect our revenue to touch Rs 40 crore this fiscal."

The company, which sells contemporary lightweight jewellery in gold, diamond and coloured stones, is expecting revenue to touch Rs 100 crore mark in the next fiscal.

The unique selling point of Melorra is affordable rates, modern designs and quality of gold and diamonds from recognised agencies.

Yeramilli has further said that the jewellery start-up has already raised $12 million from a venture capitalist, out of which $8 million has been spent on the business. 

"We still have funds. We will invest that and later look for more funds. Funding has not been a problem. Investors are keen to invest in our company," she added. 

Comment
image
Related opportunities
  • Multi Cuisine Restaurant
    About Us: Shaking up the traditional food & drink space with..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Others Food Service
    About Us : A fast growing chain of Premium Cafes ! Established..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Superstores
    About Us: It  started in 2015 itself with a good prospect..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About Us: Sugardough is the brainchild of Mr. Pravin Rao, who..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities