Latest news | Mensa Brands Raises $ 135 Million in Funding to Over $ 1 Billion

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New Delhi, Nov. 16 (PTI) Mensa Brands said on Tuesday it had raised $ 135 million (roughly Rs. 1,004 crore) under the leadership of Alpha Wave Ventures, valuing the company at over $ 1 billion.

The Series B cycle saw the participation of Prosus Ventures (Naspers) and all existing investors – Accel Partners, Norwest Venture Partners and Tiger Global Management.

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Within six months of starting the business, Mensa raised a total of over $ 300 million in equity and debt. In May, Mensa Brands announced it had raised approximately $ 50 million (around Rs 363 crore) in financing, as well as debt financing facilities from Alteria Capital and InnoVen Capital.

“Mensa is already profitable and intends to use the funding to continue to partner with founding teams of brands that customers love and help them become household names. capacities, “a statement said on Tuesday.

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Mensa had started her journey in May this year with the vision of partnering and investing in digitally driven brands in fashion and apparel, home and garden, beauty. and personal care and diet and evolve them exponentially.

He works closely with founding teams to accelerate growth in marketplaces, through the brand’s own websites and global platforms using a combination of initiatives spanning product, pricing, marketing, distribution and brand creation with a technological platform at the heart.

To date, the company has partnered with 12 brands, the majority of which have seen 100% year-over-year growth since integrating with Mensa. Its partner brands include Villain, a men’s fragrance and accessories, and premium designer saree brand Karagiri.

“Our focus on technology and digital branding, as well as our people, has enabled us to triple our original plan and at Mensa Brands we are poised to build global brands in India.

“I’m especially proud that over 50% of our brands are led by female founders and that Mensa supports small and medium businesses across the country,” said Ananth Narayanan, Founder and CEO of Mensa Brands. HRS hours

(This is an unedited and auto-generated story from the syndicated news feed, the staff at LatestLY may not have edited or edited the body of the content)


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