Latest News | ZYOD Raises Rs 150 Cr in Funding Round Led by RTP Global

New Delhi, Jun 25 (PTI) B2B apparel manufacturing platform ZYOD on Tuesday said it has raised USD 18 million (Rs 150 crore) in a funding round led by RTP Global.

The Series A round also saw participation from repeat investors Lightspeed and Alteria Capital and new investors Stride Ventures, Stride One, and Trifecta Capital, the business-to-business (B2B) clothing manufacturing platform said in a statement.

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The Gurugram-based startup said it aims to deploy the new capital towards growing its operations across more than 40 countries.

"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," co-founder Ankit Jaipuria said.

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Founded in January 2023, ZYOD raised USD 3.5 million in April last year.

Co-founder Ritesh Khandelwal said the brand aims to double its customer base and introduce 100,000 unique designs every month.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)