The startup raises $135 million
Bengaluru, NFAPost: Mensa Brands raised $135 million at a valuation of around $1.2 billion in its latest Series B funding round, making it the fastest Indian start-up to reach unicorn status. The funding round was led by Falcon Edge Capital’s growth-stage platform Alpha Wave Ventures.
The company now plans to deploy the fresh capital to accelerate growth, ramp up its acquisitions in the market, while scaling its team across operations, marketing and technology functions. Mensa is the 36th startup to achieve unicorn status in 2021 in India.
Mensa Brands has close to 60 employees at present, and looks to scale it to 150 -200 members over the next 12-18 months. Founded by former Myntra and Medlife CEO Ananth Narayanan this year, Mensa currently focuses on fashion, beauty and cosmetics as well as the home furnishing category.
“We at Mensa Brands are primed to build global breakout brands from India. I am especially proud that more than 50 per cent of our brands are led by women founders and that Mensa supports small- and medium-sized businesses across the country,” said Ananth Narayanan, Founder and CEO of Mensa Brands.
