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Melorra clocks annual recurring revenue of USD 100 million
New Delhi: D2C startup Melorra, which deals in jewellery said it has clocked an annual recurring revenue of USD 100 million. Annual recurring revenue (ARR) refers to projected revenue that a company expects to receive from its customers in 12 months.
“We look forward to continuing to bring the lightweight, trendy gold jewellery to our customers and grow further, reaching USD 1 billion in revenue by 2026. Our customers are in every nook and corner of India. We put in all efforts to make modern jewellery, which is lightweight and easy on the pocket, available to everyone,” Melorra Founder and CEO Saroja Yeramilli said.
Courtesy: PTI
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