A naukri.com initiative
Inc42
1M
346
Image Credit: Inc42
After Raising $88 Mn, Melorra May Sell For Pennies On The Dollar
- Senco Gold is reportedly in talks to acquire struggling online jewellery brand Melorra for INR 40 Cr to INR 50 Cr.
- Melorra has held talks with multiple buyers for a potential acquisition.
- The acquisition will help Senco Gold shore up its presence in the ecommerce space.
- Despite raising over $88 Mn, Melorra continues to be a loss-making venture.
Read Full Article
20 Likes
For uninterrupted reading, download the app