Meolaa, a digitally-native platform dedicated to sustainable consumer products, has successfully concluded its seed funding round, securing a substantial $2 million in investment. The driving force behind this round of funding was Turbostart.
Co-founded by the dynamic 23-year-old Ishita Sawant, Meolaa has rapidly emerged as the ultimate destination for eco-conscious Gen Z consumers seeking high-performance and environmentally responsible goods. The platform boasts an impressive portfolio featuring over 1,500 companies, offering a diverse range of more than 125,000 products across six distinct categories.
Ishita Sawant, the visionary founder of Meolaa, enthusiastically described this achievement as a pivotal moment in their quest to create a world where every choice aligns with sustainability. Meolaa’s mission is to empower customers to shop with the utmost confidence, knowing that their purchases are not only good for them but also for their families and the planet. The partnership with Turbostart will further accelerate their journey towards driving a sustainable revolution, featuring a marketplace with over 1,500 carefully vetted brands. The newly acquired funds will be instrumental in expanding their team and solidifying Meolaa’s reputation as the go-to platform for sustainable consumer products, bringing happiness to thousands of customers striving for a healthier lifestyle.
Ganesh Raju, the founder of Turbostart, expressed unwavering confidence in their investment in Meolaa, emphasizing its role as a purpose-driven e-commerce platform tailored to the preferences of the younger generation. This investment marks a significant milestone as one of Turbostart’s initial forays into the e-commerce sector. With the growing focus of Generation Z on sustainable purchasing decisions over brand names, Meolaa exhibits significant potential. Beyond providing financial support, Turbostart is strategically positioned to support Meolaa’s global expansion, with specific emphasis on regions like the Middle East, Africa, the United States, and Singapore.
Furthermore, Meolaa had previously secured $165,000 in a pre-seed funding round in March 2022, which kickstarted its journey. The seed round was overseen by the Manipal Group, specifically the Family Office of Dr. Ranjan Pai, in March 2023. At that point, Meolaa had already amassed over 300,000 users and maintained a dedicated team of 20 employees. The platform’s purpose-driven approach and curated, experiential shopping experience are in perfect alignment with customer preferences, evident through a remarkable 100% month-over-month increase in orders, users, and gross merchandise value (GMV) since its inception in January 2023.
