RTP Global leads the investment round, with participation from new investors Trifecta Capital, Lightspeed and Alteria Capital as well as established investors Lightspeed and Alteria Capital
Zyod has raised 18 million USD in its series A fundraising round. Leading this investment round was RTP Global, with participation from new investors Trifecta Capital, Lightspeed and Alteria Capital as well as from established investors Lightspeed and Alteria Capital.
Zyod plans to expand its operations to over more than 40 nations by utilising the additional capital. With an emphasis on talent acquisition and technology developments, the company hopes to successfully sail through a new stage of growth.
Ankit Jaipuria, Co-founder, Zyod said, “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.”
Ritesh Khandelwal, Co-founder, Zyod said, “Looking ahead, we aim to double our customer base, introduce 1,00,000 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, “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.”
