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B2B Fashion Apparel Platform Zyod Raises USD 18 Million Funding to Expand Operations

 Finance  |    

2024/06/25 12:40 pm


ZYOD, a tech-enabled fashion manufacturing platform offering seamless solutions from design to delivery, has secured USD 18 million in its Series A round of funding. This investment round was led by RTP Global and saw participation from existing investors Lightspeed and Alteria Capital and new investors Stride Ventures, Stride One and Trifecta Capital.

With the vision of taking ‘India to the world’, ZYOD will leverage the new funding to grow its operations across more than 40 countries. The company aims to navigate through a new phase of growth, focusing on technological advancements and talent acquisition, while continuing to disrupt India's apparel manufacturing ecosystem.

ZYOD raised USD 3.5 million in the previous seed funding round which was led by Lightspeed.

Over the past year, the company has positioned itself as a leading player in the business-to-business (B2B) fashion manufacturing ecosystem, while serving over 350 customers across 18+ countries, democratising and simplifying fashion sourcing for a broader spectrum of brands.

On the successful fundraiser, ZYOD Co-founder Ankit Jaipuria said, “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. The trust that our investors have placed in us is a testament to our objective of becoming the leading one-stop solution for apparel manufacturing in India and the world.”

RTP Global's Asia Partner Nishit Garg, said, “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."

Lightspeed Partner Rahul Taneja said, “We’re delighted to double down on our partnership with ZYOD. In the last 15 months, the team has served customers in 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.”

Co-founded in early 2023 by Jaipuria and Ritesh Khandelwal, Zyod currently serves more than 550 customers in over 18 countries, adding about 400 customers in the last two years. The startup initially helped D2C brands with faster launch time and low minimum order quantity. However, in the October quarter, it started onboarding enterprise customers and has since added major brands, including Reliance Industries and Aditya Birla in India. It also counts Japan’s Urban Research, Anthropologie of Pennsylvania, U.K.’s NEXT and Boohoo, and VAN-DOS of Spain among its early clients.

Zyod supplies products to a variety of apparel brands, including Landmark Group, NEXT, Rare Rabbit, FirstCry and Allen Cooper, among others. In April last year, the firm had raised USD 3.5 million in a funding round led by Lightspeed Venture.

In January, Zyod launched its mobile app across iOS and Android platforms. It focuses on long-tail customers who want to purchase different styles on the go. The app also helps enterprise clients see their orders. Zyod additionally plans to update the app with new communication methods, including approving orders and communicating with teams through live chat windows.

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