ZYOD Secures $18 Mn In Series A Round
ZYOD raised USD 3.5 million in the previous seed funding round which was led by Lightspeed
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 also 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 fundraise, 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,” he added.
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 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.”
