General Catalyst leads $6 million bet on FMCG firm Meolaa

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FMCG firm Meolaa has raised $6 million led by General Catalyst, with participation from Claypond Capital, Colossa Ventures, Kunal Shah, Turbostart Global, and existing investors.

The company will be using the funds to build its AI and data infrastructure, create new brands, and scale its business.

Founded in 2023, Meolaa uses AI and analytics for new product development, packaging and branding innovation, and supply chain optimisation. “We wanted to build an FMCG house that’s in the business of brand creation and not acquisition,” said founder and…



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General Catalyst leads $6 million bet on FMCG firm Meolaa



FMCG firm Meolaa has raised $6 million led by General Catalyst, with participation from Claypond Capital, Colossa Ventures, Kunal Shah, Turbostart Global, and existing investors.

The company will be using the funds to build its AI and data infrastructure, create new brands, and scale its business.

Founded in 2023, Meolaa uses AI and analytics for new product development, packaging and branding innovation, and supply chain optimisation. “We wanted to build an FMCG house that’s in the business of brand creation and not acquisition,” said founder and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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