B2B apparel manufacturing platform ZYOD secures $18 million in Series A funding led by RTP Global. The company plans to expand operations and introduce new designs.
New Delhi, Jun 25 (PTI) B2B apparel manufacturing platform ZYOD on Tuesday said it has raised USD 18 million (Rs 150 crore) in a funding round led by RTP Global.
The Series A round also saw participation from repeat investors Lightspeed and Alteria Capital and new investors Stride Ventures, Stride One, and Trifecta Capital, the business-to-business (B2B) clothing manufacturing platform said in a statement.
The Gurugram-based startup said it aims to deploy the new capital towards growing its operations across more than 40 countries.
"With this funding we will continue to collaborate closely with local hand picked manufacturers, leveraging our deep expertise in manufacturing to unlock a new phase of growth. Our focus will remain on tech advancements, bringing in more talent and continuing to transform India's apparel manufacturing ecosystem," co-founder Ankit Jaipuria said.
Founded in January 2023, ZYOD raised USD 3.5 million in April last year.
Co-founder Ritesh Khandelwal said the brand aims to double its customer base and introduce 100,000 unique designs every month.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback