Total amount raised
$49.4 Millions
Latest funding date
1/1/2024
Location
Groyyo has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company specializes in B2B manufacturing and automation, offering a range of innovative solutions for optimizing production processes.
Keep reading to explore the intricacies of Groyyo's fundraising journey and the investors backing this dynamic platform.
What Is Groyyo?
Groyyo, founded in 2021, is a B2B manufacturing and automation startup based in Haryana, India. The company aims to make factories bigger, faster, smarter, global, and cost-effective to help businesses grow to the next level.
Groyyo offers a range of products and services, including the Groyyo Factory App, Groyyo Fabric, Groyyo Factory Tech, and Groyyo Brands. These solutions are designed to optimize production processes and enhance efficiency.
With a team of 101-250 employees, Groyyo continues to innovate in the manufacturing sector, providing cutting-edge technology and services to its clients.
How Much Funding Has Groyyo Raised?
- Seed Round
- Amount Raised: $4.6M
- Date: January 2022
- Lead Investors: Alpha Wave Incubation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial product offerings.
- Series A
- Amount Raised: $28M
- Date: June 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance technology-driven solutions.
- Debt Financing
- Amount Raised: $12M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and financial stability.
- Debt Financing
- Amount Raised: ₹400M (approximately $5.4M)
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations in the UAE and reinforce strategic initiatives.
Total Amount Raised: $50M
Current Valuation: Not publicly disclosed
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology sector. They have a strong track record of backing high-growth companies worldwide.
- Investment Focus Areas: Technology, consumer internet, software.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Alpha Wave Incubation
- Details: Alpha Wave Incubation is a venture capital firm that invests in early-stage technology companies. They aim to support startups with high growth potential and innovative solutions.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: FreshToHome, Zolve, UrbanPiper.
- Lighthouse Canton
- Details: Lighthouse Canton is a global investment firm that provides wealth and asset management services. They focus on delivering customized investment solutions to their clients.
- Investment Focus Areas: Wealth management, asset management, venture debt.
- Notable Investments: Specific notable investments are not publicly disclosed.
- Trifecta Capital
- Details: Trifecta Capital is a venture debt firm that provides structured debt financing to high-growth companies. They support companies with flexible capital solutions to help them scale their operations.
- Investment Focus Areas: Venture debt, high-growth companies, flexible capital solutions.
- Notable Investments: Specific notable investments are not publicly disclosed.
What's Next for Groyyo?
Groyyo's future looks promising as it continues to expand its operations in the UAE and digitize manufacturing processes for small and medium enterprises (SMEs). With over 350 factories and 100 brands already onboard, the company is well-positioned to match supply with demand from both domestic and international clients, including major retailers like Inditex and Mango.
Given the significant opportunities available, Groyyo may seek additional funding rounds to support its growth and technological advancements. However, the company will need to navigate challenges such as managing international expansion, ensuring the scalability of its technology solutions, and competing with other supply chain enablement platforms.
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