July 13, 2024
Apparel, Fashion, Retail

ZYOD Secures US$ 18 Mn In Series A Funding Led By RTP Global

ZYOD, a tech-enabled fashion manufacturing platform offering seamless solutions from design to delivery, has secured US$ 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, as well as 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 expand 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 its previous seed funding round led by Lightspeed. Over the past year, the company has positioned itself as a leading player in the business-to-business fashion manufacturing ecosystem, serving over 350 customers across 18+ countries, and democratizing and simplifying fashion sourcing for a broader spectrum of brands.

With its forward-looking approach and sustainable business model, ZYOD will continue to embrace the rise of fast fashion globally. The company is modularizing fashion styles, using data to boost efficiency, and employing smart ERP solutions to optimize and scale its supply chain. Through these strategies, ZYOD is setting a new standard in international apparel manufacturing.

On the successful fundraise, Ankit Jaipuria, co-founder of ZYOD, 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.

Ritesh Khandelwal, co-founder of ZYOD, also expressed his excitement about the fundraise, saying, “With this new milestone, ZYOD has uniquely positioned itself as a leading player in the fashion industry worldwide. Our proposition of providing 5x faster sourcing enables global brands to source high-quality clothes with unmatched speed in a rapidly changing industry. With our flexible MOQs, we empower brands, retailers and wholesalers to test new markets while avoiding the risk of high bulk orders, thereby making their businesses more sustainable. Looking ahead, we aim to double our customer base, introduce 100,000 unique designs every month catering to a global audience and keep innovating to stay ahead of industry trends.”

Nishit Garg, Partner on RTP Global’s Asia investment team, 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, 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.”

Rahul Taneja, Partner at Lightspeed, 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.”

Since its inception in 2023, ZYOD has garnered recognition for its seamless solutions among fashion brands worldwide. The brand has been streamlining the overall supply chain in the sector by addressing gaps like lack of transparency and high order quantities in the unorganized fashion manufacturing space.

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