Tech-enabled Fashion Startup ZYOD nets $18 million in Series A Funding led by RTP Global
Tech-enabled Fashion startup Zyod has successfully secured $18 million in Series A Funding round. The founding round was directed by RTP Global and also the round registered participation from its current investors Lightspeed & Alteria Capital and the newly added investors including Stride Ventures, Stride One, and Trifecta Capital.
Determined with a vision of piloting ‘India to the World’, ZYOD will utilize this fresh capital raised from new funding to maximize its operations and functions over 40 countries across the world. The startup intends to traverse through a novel space of development concentrating on advancements in technologies, talent acquisition along with continued contribution to innovate apparel making system of India.
Previously in its Seed round, ZYOD has lifted $3.5 million from Lightspeed. During the last year, the firm has ranked itself as a striving player in the B2B fashion manufacturing system meanwhile serving for 350 customers over more than 18 countries.
Expressing to this prosperous fundraise, Ankit Jaipuria, Co-founder of ZYOD states, “The fresh round of funding underscores the strong support and confidence in ZYOD’s vision to revolutionize the global fashion manufacturing industry. 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.”
And Ritesh Khandelwal, Co-Founder, ZYOD expresses his excitement by saying, “With this new milestone, ZYOD has uniquely positioned itself as a leading player in the fashion industry worldwide. Our proposition of providing 5X faster sourcing enables global brands to source high-quality clothes with unmatched speed in a rapidly changing industry. With our flexible MOQs, we empower brands, retailers and wholesalers to test new markets while avoiding the risk of high bulk orders, thereby making their businesses more sustainable. Looking ahead, we aim to double our customer base, introduce 100,000 unique designs every month catering to a global audience and keep innovating to stay ahead of the industry trends.”
On this strategic investment, Nishit Garg, Partner, RTP Global’s Asia investment team notes, “At RTP Global, we champion visionary founders at the forefront of technological innovation who are redefining industries. ZYOD leverages tech to refine every facet of the production process, right from a modular design approach to optimizing operations at the factory level. We are excited to support ZYOD as they expand their transformative platform internationally, showcasing the potential of Indian entrepreneurship on the global stage".
Similarly, Rahul Taneja, Partner, Lightspeed states, “We’re delighted to double down on our partnership with ZYOD. In the last 15 months, the team has served customers over 18 countries by establishing an agile supply chain that enables customers to reduce their inventory dramatically. Their global network is expanding rapidly and we are excited about this next phase of growth."
Determined with a vision of piloting ‘India to the World’, ZYOD will utilize this fresh capital raised from new funding to maximize its operations and functions over 40 countries across the world. The startup intends to traverse through a novel space of development concentrating on advancements in technologies, talent acquisition along with continued contribution to innovate apparel making system of India.
Previously in its Seed round, ZYOD has lifted $3.5 million from Lightspeed. During the last year, the firm has ranked itself as a striving player in the B2B fashion manufacturing system meanwhile serving for 350 customers over more than 18 countries.
Expressing to this prosperous fundraise, Ankit Jaipuria, Co-founder of ZYOD states, “The fresh round of funding underscores the strong support and confidence in ZYOD’s vision to revolutionize the global fashion manufacturing industry. 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.”
And Ritesh Khandelwal, Co-Founder, ZYOD expresses his excitement by saying, “With this new milestone, ZYOD has uniquely positioned itself as a leading player in the fashion industry worldwide. Our proposition of providing 5X faster sourcing enables global brands to source high-quality clothes with unmatched speed in a rapidly changing industry. With our flexible MOQs, we empower brands, retailers and wholesalers to test new markets while avoiding the risk of high bulk orders, thereby making their businesses more sustainable. Looking ahead, we aim to double our customer base, introduce 100,000 unique designs every month catering to a global audience and keep innovating to stay ahead of the industry trends.”
On this strategic investment, Nishit Garg, Partner, RTP Global’s Asia investment team notes, “At RTP Global, we champion visionary founders at the forefront of technological innovation who are redefining industries. ZYOD leverages tech to refine every facet of the production process, right from a modular design approach to optimizing operations at the factory level. We are excited to support ZYOD as they expand their transformative platform internationally, showcasing the potential of Indian entrepreneurship on the global stage".
Similarly, Rahul Taneja, Partner, Lightspeed states, “We’re delighted to double down on our partnership with ZYOD. In the last 15 months, the team has served customers over 18 countries by establishing an agile supply chain that enables customers to reduce their inventory dramatically. Their global network is expanding rapidly and we are excited about this next phase of growth."
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