Reevoy, a Mumbai-based fashion trade platform, has raised Rs 48 crore ($6 million) from Singapore-based private debt investment firm Kilde in a fresh capital raise.

As per the startup, the raised funds will be used to boost its invoice financing arm as well as to expand operations and offerings across segments.

Reevoy | Sourcing Simplified

Founded by Ankur Khetan, Ishan Dadhich and Mohit Agarwal in 2020, Reevoy enables big global brands in fashion and home décor to buy from India.

Its integrated tech platform is a one-stop destination for importers to find the right exporters, streamline the production process – from concept to final quality checks and purchase the goods on credit.

Early this year, Reevoy secured $4 million as a part of its seed funding round led by 9Unicorns and Venture Catalysts. Better Capital, Earlsfield Capital Partners, Cred Founder Kunal Shah, Anupam Mittal, and Ketan Patel (Founder of People Group and CEO of Mswipe Technologies) also participated in the funding round.

Speaking about the development, Radek Jezbera, Co-founder and CEO at Kilde, said,

“Since its inception, Reevoy has been creating strides in the ecosystem through its offerings, such as low-cost capital to manufacturers to help minimize risks owing to control over the process. This has helped them attract key players across the ecosystem, and we are dedicated to their vision of streamlining the global fashion and home decor ecosystem.”

Kilde is an income investment platform that raises capital for alternative lenders. The firm generates high but safe returns by lending funds to leading consumer and SME lending companies in Asia and Europe.

Kilde offers a liquidity pool sourced from institutional and individual accredited investors to deal providers, enabling financing in the form of private debt, venture debt and recurring revenue streams.

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