Ziniosa Bags Funding from IPV to Power Preloved Luxury Fashion Boom
• Ziniosa raises funding from Inflection Point Ventures to expand team, tech, and open a physical store.
• Zero-inventory model with ₹15 crore worth of stock enables high margins and reduced risk.
• Exclusive Tata Cliq Luxury partner and backed by NSRCEL, IIM Bangalore.
Bengaluru-based startup Ziniosa, a standout player in the preloved luxury fashion scene, has successfully secured an undisclosed amount of funding from Inflection Point Ventures (IPV), an angel investment network based in Gurugram.
This new influx of capital is set to propel Ziniosa into its next growth phase, which includes expanding the team, boosting brand visibility, upgrading technical infrastructure, and even opening its very first physical retail store.
Founded in 2020 by engineers-turned-entrepreneurs Ashri Jaiswal and Varun Ramani, Ziniosa offers an online marketplace where people can buy and sell authenticated secondhand luxury fashion. The platform currently showcases over 10,000 items across seven categories, featuring iconic brands like Louis Vuitton, Gucci, and Chanel.
“We believe the preloved movement in India is just beginning,” co-founder Ashri Jaiswal shared. “At Ziniosa, we’re excited to be at the forefront of this change as India’s fastest-growing organized luxury resale platform. This is more than just fashion it’s a fresh way for India to shop.”
The company has reported an impressive 40% year-on-year growth and boasts an inventory valued at Rs 15 crore, all sourced at zero cost. Ziniosa’s unique zero-inventory acquisition model allows for higher margins while minimizing financial risk. The startup also employs data-driven pricing strategies and a solid authentication process to ensure transparency and combat counterfeits.
“With IPV’s support, we’re scaling up in every aspect strengthening our team, enhancing our tech capabilities, and planning to open our first brick-and-mortar store within the next two years,” co-founder Varun Ramani stated. “We’re also broadening our offerings for men and significantly expanding our product catalog to meet the growing demand.”
Ziniosa proudly serves as the exclusive preloved fashion partner for Tata Cliq Luxury and is incubated at NSRCEL, the entrepreneurship hub at IIM Bangalore.
The Indian luxury market is currently valued at around Rs 82,000 crore (which is about $10 billion), while the secondhand market in India is estimated to be worth $3 billion. On a global scale, the preloved fashion market is expected to hit a whopping $350 billion by 2027.
• Zero-inventory model with ₹15 crore worth of stock enables high margins and reduced risk.
• Exclusive Tata Cliq Luxury partner and backed by NSRCEL, IIM Bangalore.
Bengaluru-based startup Ziniosa, a standout player in the preloved luxury fashion scene, has successfully secured an undisclosed amount of funding from Inflection Point Ventures (IPV), an angel investment network based in Gurugram.
This new influx of capital is set to propel Ziniosa into its next growth phase, which includes expanding the team, boosting brand visibility, upgrading technical infrastructure, and even opening its very first physical retail store.
Founded in 2020 by engineers-turned-entrepreneurs Ashri Jaiswal and Varun Ramani, Ziniosa offers an online marketplace where people can buy and sell authenticated secondhand luxury fashion. The platform currently showcases over 10,000 items across seven categories, featuring iconic brands like Louis Vuitton, Gucci, and Chanel.
“We believe the preloved movement in India is just beginning,” co-founder Ashri Jaiswal shared. “At Ziniosa, we’re excited to be at the forefront of this change as India’s fastest-growing organized luxury resale platform. This is more than just fashion it’s a fresh way for India to shop.”
The company has reported an impressive 40% year-on-year growth and boasts an inventory valued at Rs 15 crore, all sourced at zero cost. Ziniosa’s unique zero-inventory acquisition model allows for higher margins while minimizing financial risk. The startup also employs data-driven pricing strategies and a solid authentication process to ensure transparency and combat counterfeits.
“With IPV’s support, we’re scaling up in every aspect strengthening our team, enhancing our tech capabilities, and planning to open our first brick-and-mortar store within the next two years,” co-founder Varun Ramani stated. “We’re also broadening our offerings for men and significantly expanding our product catalog to meet the growing demand.”
Ziniosa proudly serves as the exclusive preloved fashion partner for Tata Cliq Luxury and is incubated at NSRCEL, the entrepreneurship hub at IIM Bangalore.
The Indian luxury market is currently valued at around Rs 82,000 crore (which is about $10 billion), while the secondhand market in India is estimated to be worth $3 billion. On a global scale, the preloved fashion market is expected to hit a whopping $350 billion by 2027.
.jpg "Mentza : Redefining Career Readiness through AI-Driven Skill Assessments & Mentoring")
