India, New Delhi, 25th June 2024: ZYOD, a tech-enabled fashion manufacturing platform offering seamless solutions from design to delivery, has secured USD 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 and 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 grow 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 the previous seed funding round which was led by Lightspeed. Over the past year, the company has positioned itself as a leading player in the Business-to-Business fashion manufacturing ecosystem, while serving over 350 customers across 18+ countries, democratizing and simplifying fashion sourcing for a broader spectrum of brands.
ZYOD with its forward-looking approach and sustainable business model will continue to embrace the rise of fast fashion globally. The company is modularizing fashion styles, using data to boost efficiency, and employs 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 on the fundraise and said, “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 the 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, right 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, Lightspeed said, “We’re delighted to double down on our partnership with ZYOD. In the last 15 months, the team has served customers 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.
About ZYOD
ZYOD was founded in 2023 by AnkitJaipuria and RiteshKhandelwal with a vision to make apparel manufacturing hassle-free while making quality fashion more accessible and affordable. Offering a diverse catalogue of 10,000 unique styles monthly with rapid turnaround times and flexible MOQs, ZYOD is rapidly transforming the manufacturing space. With a global presence in over 15 countries, ZYOD has been recognized for ‘Best Use of AI’ at the iRec x D2C India Awards and ‘Fashion Startup of the Year’ at Entrepreneur India’s Startup Awards 2024. The company is poised to reshape the fashion landscape.
