Total amount raised
$21.5 Millions
Latest funding date
6/1/2024
Location
Zyod has successfully raised $18 million in a Series A funding round, attracting investment from RTP Global and returning investor Lightspeed. The company offers AI-powered design-to-delivery services, ensuring minimal inventory risk and faster delivery times.
Keep reading to explore the intricacies of Zyod's fundraising journey and the investors backing this innovative platform.
What Is Zyod?
Zyod, founded in January 2023, is headquartered in Gurgaon, Haryana, India. The company specializes in apparel sourcing and manufacturing, offering end-to-end design-to-delivery solutions to fashion brands globally.
With a workforce of 1001-5000 employees, Zyod leverages AI-driven trend forecasting and customizable orders to provide the industry's fastest turnaround times and lowest minimum order quantities. Their services include exclusive digital designs and minimal inventory risk.
Although the founders' names are not explicitly mentioned, Zyod's innovative approach and rapid growth have positioned it as a key player in the fashion manufacturing industry.
How Much Funding Has Zyod Raised?
- Seed Round
- Amount Raised: $3.5M
- Date: April 2023
- Lead Investors: Lightspeed India Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development.
- Series A
- Amount Raised: $18M
- Date: June 24, 2024
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations to 40 new countries, focus on technological advancements, and talent acquisition.
- Debt Financing
- Amount Raised: Not disclosed
- Date: June 24, 2024
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and technological advancements.
Total amount raised: $21.5M. Current valuation: Not publicly disclosed.
Key Investors
- RTP Global
- Details: RTP Global is an early-stage venture capital firm that invests in technology companies. They closed a $1 billion fund in June of the previous year, with plans to invest a third of this fund in India.
- Investment Focus Areas: Early-stage technology companies, international expansion, transformative platforms.
- Notable Investments: Delivery Hero, Yandex, Cred.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm that focuses on accelerating disruptive innovations and trends in the enterprise and consumer sectors. They led Zyod's seed round in April 2023.
- Investment Focus Areas: Enterprise, consumer sectors, early and growth-stage companies.
- Notable Investments: Snap, GrubHub, Nest.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides financing solutions to high-growth startups. They participated in Zyod's Series A funding round.
- Investment Focus Areas: High-growth startups, venture debt.
- Notable Investments: Dunzo, Lendingkart, Rebel Foods.
- Stride Ventures
- Details: Stride Ventures is a venture debt firm that offers customized debt solutions to startups. They joined Zyod's Series A funding round as a new investor.
- Investment Focus Areas: Growth-stage companies, customized debt solutions.
- Notable Investments: Stellapps, Miko, SUGAR Cosmetics.
- Trifecta Capital
- Details: Trifecta Capital is a venture debt firm that provides structured debt financing to startups. They participated in Zyod's Series A funding round.
- Investment Focus Areas: High-growth companies, structured debt financing.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
What's Next for Zyod?
Zyod's future is brimming with opportunities. The company plans to expand its operations to over 40 countries, significantly increasing its market reach. This expansion is supported by their recent $18 million Series A funding, which will also fuel technological advancements and talent acquisition. By adding 100,000 new designs monthly and doubling their client base, Zyod is poised to become a major player in the global fashion manufacturing industry.
As Zyod scales, future fundraising rounds seem likely to support their ambitious growth plans. The company’s innovative approach and rapid expansion could attract further investments, potentially leading to strategic acquisitions to enhance their technological capabilities or market reach. However, challenges such as managing rapid geographic expansion, ensuring consistent quality, and navigating diverse market regulations will need to be addressed to sustain their growth trajectory.
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