Former CEO of Myntra Ananth Narayanan's new startup Mensa Brands that was founded just six months ago has become the newest entrant to the unicorn club with Narayanan becoming the youngest member of the group. Reports suggest that Ananth Narayanan has raised USD 135 million at a valuation of about USD 1.2 billion. The Bengaluru-headquartered Mensa Brands is a startup that targets direct-to-consumer brands and helps them scale up their business within India and overseas. Mensa Brands supports small and medium-sized businesses across the country, claims founder Ananth Narayanan. According to Ananth Narayanan, more than 50% of their brands are led by women founders.

Source: dna November 18, 2021 07:56 UTC