B2B fashion platform Zyod raises $18 million in funding
Zyod has raised $18 million in a mix of equity and debt funding.
The funding was led by venture firm RTP Global, while the debt capital was raised from Stride Ventures, Trifecta Capital and Alteria Capital. The “majority” of the funding was in primary equity, cofounder Ankit Jaipuria told ET. Existing investors Lightspeed Venture also participated in the funding round.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitZyod will use the funds raised to expand its customer base to over 40 countries by the end of the fiscal year from 18 countries now, while going deeper into some current markets like the US, the UK, the Middle East Asia and Japan, Jaipuria said. The firm will also use the funds to expand the categories it sells in and strengthen its tech capabilities, to better predict supply and production gaps as well as design trends.
“Zyod leverages tech to refine every facet of the production process, right from a modular design approach to optimising operations at the factory level. We are excited to support Zyod as they expand their transformative platform internationally,” Nishit Garg, partner at RTP Global’s Asia investment team said.
Starting operations in January last year, the firm now employs about 100 people, a mix of designers, engineers, supply executives and sales
