24.5 C
Saturday, July 20, 2024

Zyod raises $18 million in funding round led by RTP Global, others

Must read

Zyod, a tech-enabled fashion manufacturing platform has raised $18 million (Rs 150 crore) in its series A funding round led RTP Global.

Zyod raises $18 million in funding round led by RTP Global, others – Zyod

Existing investors Lightspeed and Alteria Capital along with new investors Stride Ventures, Stride One, and Trifecta Capital also participated in the funding round.

The company will utilise the funds to expand its global operation, technological advancements and talent acquisition.

Commenting on the funding, Ankit Jaipuria, co-founder of Zyod in a statement 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 handpicked manufacturers, leveraging our deep expertise in manufacturing to unlock a new phase of growth.”

Nishit Garg, partner on RTP Global Asia added, “At RTP Global, we champion visionary founders at the forefront of technological innovation who are redefining industries. We are excited to support Zyod as they expand their transformative platform internationally, showcasing the potential of Indian entrepreneurship on the global stage.”

Founded in 2023 Ankit Jaipuria and Ritesh Khandelwal, Zyod offers a diverse catalogue of 10,000 unique styles monthly and has a global presence in over 15 countries.

Copyright © 2024 FashionNetwork.com All rights reserved.

Source link

- Advertisement -spot_img

More articles

- Advertisement -

Latest articles