• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Mensa Brands raises Rs 300 Cr debt from TradeCred

by Sumbul Farid
February 8, 2023
in Business, Future Tech, Tech, World
Reading Time: 2 mins read
0
Mensa Brands logo on a gradient background

Courtesy: Mensa Brands

TwitterWhatsappLinkedin

On Tuesday, E commerce roll up company Mensa Brands has collected Rs 300 crore debt from TradeCred. The company received new money after a span of 15 months.

You might also like

What Is a SOL Volume Bot?

Nvidia CEO Downplays China Military AI Chip Risk

Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

In a statement, the company said that Mensa plans to use the funds for new brand take over and grow them through product development, supply chain integration, and working capital investment.

Mensa Brands logo on laptop screen
Illustration: TechStory × Freepik (Raw Pixel)

In a Series B round led by Alpha Wave Ventures, Mensa became India’s fastest unicorn after raising $135 million. Mensa was introduced in May 2021.

Mensa affiliates and invests in digital-first brands throughout fashion and apparel, home and garden, beauty and personal care and food and scales them tenfolds. Until now, the company claims to have partnered with 25 brands. It recently acquired MensXP, iDiva, and Hypp from Times Internet for an undisclosed amount.

Right now, the company now has approximately 700 employees across offices in Bengaluru, Mumbai, Gurgaon, UAE, and the US and claims to have served more than 10 million customers.

Founded by Hardik Shah in 2018, TradeCred is an alternative debt platform with Rs 2,200 crore of AUM. According to the release, approximately 50 UHNIs via TradeCred collectively participated in Mensa’s Rs 300 crore financing arrangement. In the past, it has backed companies such as Boutique Spirit Brands, and Matrix Partners-backed construction supply platform ZippMat.

Mensa Acquires MyFitness. (Image Sourece:MediaNews4U)
Mensa Acquires MyFitness. (Image Sourece:MediaNews4U)

The company also includes Norwest Venture Partners, Prosus, Tiger Global and debt financing platforms Alteria Capital, InnoVen Capital, Oxyzo, and Stride Ventures as its backers.

Mensa’s rivals includes GlobalBees, Goat Brand Labs, Evenflow, 10club, and Powerhouse91.

The Thrasio-style company registered around Rs 310 crore in revenue during its first year of operations. According to Fintrackr’s analysis,  “the sale of products from these acquired companies was the only source of revenue for the Ananth Narayanan-led company. The firm registered a loss of $16.41 million (Rs 120 crore) in the last fiscal year.”

Ananth Narayanan, founder and chief executive officer at Mensa Brands said, “We are pioneering the path to an industry-first tech-led house of brands with our five breakout category leaders. With this additional capital, we will be able to double down on our growth ambition.”

According to VCCircle, “Mensa has raised more than $300 million (about Rs 2,251 crore) in equity and debt in less than six months since launching the company. Accel Partners, Alpha Wave Global, Norwest Venture Partners, Prosus and Tiger Global Management are among the company’s notable investors. Alteria Capital, InnoVen Capital, Piramal Capital, Stride Ventures, and TradeCredit have all provided debt financing to the company.”

Tags: IndiaMensatechTradeCred
Tweet54SendShare15
Previous Post

Masayoshi Son now owes SoftBank $5.1 billion on side deals

Next Post

How to start a podcast for free

Sumbul Farid

Recommended For You

What Is a SOL Volume Bot?

by Rohan Mathawan
July 14, 2025
0
Photo by Alex Knight on Unsplash

Defining Volume on a Blockchain In decentralized markets, volume refers to the total value of tokens traded over a given period. On platforms like Raydium or Jupiter —...

Read more

Nvidia CEO Downplays China Military AI Chip Risk

by Sneha Singh
July 14, 2025
0
Nvidia CEO Downplays China Military AI Chip Risk

The back-and-forth tech war between China and the United States has placed Nvidia firmly in the middle of a scorching fight for artificial intelligence and national security. But...

Read more

Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

by Rounak Majumdar
July 14, 2025
0
Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

Jane Street, the global proprietary trading giant based in New York, has made headlines in the Indian financial markets by depositing Rs 4,843.5 crore into an escrow account...

Read more
Next Post
How to start a podcast for free

How to start a podcast for free

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?