A B2B fashion platform, Zyod secured $18 million in a mix of equity and debt funding round led by venture capital RTP Global. The round had the participation of new and existing investors including Lightspeed Ventures. The firm raised debt capital from Stride Ventures, Alteria Capital, and Trifecta Capital. The co-founder of Zyod, Ankit Jaipuria told ET that most of this funding was in primary equity. Here we are talking about Zyod secured $18 million in its equity and debt funding round led by RTP global.
The startup plans to use these fresh proceeds to expand it’s the categories it sells and increase its customer base. The company offers services in 18 countries and plans to spread its network to more than 40 countries, including the UK, the US, Japan, and Middle East Asia. This fashion brand will also strengthen its tech capabilities and meet production gaps while meeting design trends. The partner at RTP Globals’s Asia investment team, Nitish Garg, showed his trust in the startup’s market potential and business model. The firm provides a fashionable collection of clothes created by integrating them with fashion trends worldwide.
Zyod employs more than 100 workers including designers, supply executives, engineers, and sales executives. The company is looking to expand its sales team globally. The company works together with design teams to offer new ideas and designs. The supply side of the firm for the purchase of smaller batches reduces inventory wastage and improves efficiency. The startup is expecting three
times increase in its revenue run rate by FY25.
The clothing manufacturing startup previously secured 3.5 million USD in a funding round from its existing investor Lightspeed Venture. The company expects to have more than 80 percent of its businesses from international markets and the majority of it may come from larger enterprise clients. This firm offers its products to various apparel brands including NEXT, Landmark Group, FirstCry, and Rare Rabbit.
Conclusion
Zyod is a B2B fashion startup that secured $18 million in a funding round led by RTP Global. This round was a mix of debt and equity funding and had investments from its existing investor, Lightspeed Ventures. The company raised debt capital from Stride Ventures, Alteria Capital, and Trifecta Capital. The co-founder of Zyod, Ankit Jaipuria, told ET that most of this funding was in primary equity. The company offers services in 18 countries and plans to spread its network to more than 40 countries, including the UK, the US, Japan, and Middle East Asia.
This fashion brand will also strengthen its tech capabilities and meet production gaps while meeting design trends. The company works together with design teams to offer new, productive ideas and solutions. The supply side of the firm for the purchase of smaller batches reduces inventory wastage and improves efficiency. The company claims to have more than 100 employees including engineers, designers, supply
executives, and sales executives. The company manufactures clothes by keeping up with recent market trends. Zyod is expected a three-time jump in its revenue for FY25.
