Zyod Raises $3.5 Mn In Seed Funding Round Led By Lightspeed
Zyod, a global B2B platform for apparel sourcing and manufacturing, has raised $3.5 million in seed funding led by Lightspeed.
FJ Labs, Panthera Peak Partners and several angels such as Abhishek Goyal (founder Tracxn), Abhinav Sinha (global COO Oyo), Ravi Khandelwal and others, also participated in the funding round.
As per the startup, the raised funds will be used to further strengthen the technology platform and team. From adding more manufacturers and suppliers to introducing new features, the B2B startup will continue to build a larger network of MSMEs in the apparel sourcing and manufacturing segment.
The startup is also actively hiring across functions such as product, tech, marketing, and operations.
Zyod | End-to-end Design To Delivery Solutions To Fashion Brands
Co-founded by Ritesh Khandelwal and Ankit Jaipuria in January 2023, Zyod is a B2B marketplace that provides end-to-end design to delivery solutions to fashion brands with the industry’s fastest turnaround time and lowest MOQs (Minimum Order Quantity).
Speaking about the development, Ankit Jaipuria and Ritesh Khandelwal, Co-founders of Zyod, said,
“While fashion is rapidly transforming globally, the incumbent supply chain has not kept pace with how rapidly consumers have evolved, and it needs a complete reimagination of manufacturing itself to build for the future. At Zyod, we are making fast fashion accessible to every brand/retailer using our unique, agile supply chain.”
Zyod claims to have witnessed a steady market demand and has already served over 150 customers across 13 countries, democratizing and simplifying fashion sourcing for every brand, retailer and wholesaler.
An official statement from the startup highlighted,
“Solving for every brand, irrespective of the scale, Zyod can provide a new range of products within 21 days with an as low as 50 pieces MOQ. This combination of 5x faster sourcing at 50x lower MOQs makes it a lucrative option for global brands and buyers.”
In the first three months of this year, several B2B firms have raised funds.
- Zaggle, a B2B SaaS fintech that filed preliminary documents for an initial public offering late last year, raised Rs 50 crore in debt funding from Vivriti Asset Management.
- Jumbotail Technologies Pvt Ltd, a Bengaluru-based B2B e-commerce platform, raised $9.1 million (around Rs 75 crore) in debt funding from Alteria Capital and Innoven Capital.
- ONWO (One World), a Bengaluru-based B2B ecommerce platform, raised $1.6 Mn in a seed funding round led by Kae Capital.
- Cusmat, a virtual reality-based skilling platform, raised $3.5 million (around Rs 28.9 crore) in Series A funding led by Arkam Ventures.
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