Former Myntra CEO Ananth Narayanan’s Mensa Brands raises $50 mn
The Hindu
Company to acquire over 50 brands in next 3 years
Mensa Brands, established by former Myntra CEO Ananth Narayanan, has raised $50 million in a combination of debt and equity. The Series A round was led by Accel Partners and Norwest Venture Partners. Angel investors including Mukesh Bansal, Kunal Shah and Rahul Mehta were also part of it. Mensa, which aims to create a technology-led ‘House of Brands’ for e-commerce, has the mandate to acquire over 50 brands across categories, including home and apparel, in the next three years.More Related News