Melorra has secured $24 million in a new round of funding led by Symphony International Holdings Limited, Value Quest, 9Unicorns, Venture Catalysts, Param Capital, and family offices.
Melorra said that the funds will be utilised for technology upgrade, ramping up brand marketing, and expansion of Melorra’s experience centres pan-India.
(Bloomberg) When Zhang Congyuan started his sneaker business more than three decades ago, he couldn’t afford a regular factory, so he converted a pig farm next to paddy fields in western Taiwan.