Zouk is a D2C fashion and lifestyle brand that offers shoes, footwear, and handcrafted bags. The startup secured 10 million USD from Aavishkar Capital in its ongoing series B funding round. The funding saw the participation of several new and existing investors including Totan Capital, JJ Family Office, Stellaris Venture Partners, and Sharp Ventures.
The startup offers an online platform offering products including laptop bags, backpacks, and handbags. The company plans to use these fresh proceeds to scale its operations, enhance its manufacturing capability, and develop its market presence.
The startup also intends to use some of this investment to strengthen its supply chain and expand its offline brand presence. inc42 reported. This funding round came after 18 months for the company. The company will invest in the new funding round along with existing investor Stellaris Venture.
Aavishkaar Capital previously invested in Agrostar, GoDesi, Milk Mantra, Altum Credo, and Ergos. This D2C lifestyle brand provides various products including travel pouches, backpacks, and footwear. The company also offers footwear, travel pouches, and other products. The startup aims to use this investment and expand its offline presence.
The company claims to provide handmade products made of silk, khadi, ikat, and jute. Zouk majorly provides deals in laptops, chain wallets, and tote handbags. The startup raised 14.5 million USD across multiple funding rounds since its inception, including $8.5 million secured from Stellaris Venture Partner during its series B funding round.
The startup also raised $3 million from Stellaris Ventures, in its series A round led by Sharrp Ventures, and other investors. The company intends to strengthen its quick-commerce presence and improve its production capability. The startup data intelligence platform, tracxn mentioned the post-money valuation of Zouk to be around 49.3 million USD during its last funding round.
The Mumbai-based startup claims to have a customer base of more than 700,000 customers across India. The company posted a revenue from operations of Rs 47.41 crore in FY23. However, the losses stood at Rs 10.55 crore in the same duration.
The existing investor Stellaris Ventures remains the largest external stakeholder of the firm with a 19.63 percent stake followed by its founders holding 31 percent of the company’s share after the last funding round. The D2C lifestyle brand faces competition from other companies in the same market segment such as Maisha Lifestyle, and Strutt.
Conclusion :
Internet-first D2C lifestyle brand, Zouk raised 10 million USD million in its series B funding round from the Aavishkaar Capital. Aavishkaar Capital led the round with the participation of Stellaris venture partners, Sharrp Ventures, Titan Capital, and the JJ family office.
The startup plans to use this fresh capital to scale its operations, improve its supply chain, and develop its offline brand presence. The existing investor Stellaris Ventures remained the largest external stakeholder of the firm. The company provides handmade products made of fabrics such as silk, khadi, and jute. The development came just after the D2C lifestyle sector saw increased investor interest.
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