Fashion Startup ZYOD Raises USD 18 Mn to Enter 40 New Countries The Gurugram-based startup aims to deploy the raised funds for geographical expansion to 40 new countries. A portion of the funds will also go toward hiring personnel and developing new technologies.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

[L-R] Ankit Jaipuria and Ritesh Khandelwal, Co-founders of ZYOD

Apparel manufacturing startup ZYOD has secured USD 18 million in a Series A round 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.

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.

Ankit Jaipuria, Co-founder of 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."

Founded in 2023 by Ankit Jaipuria and Ritesh Khandelwal, B2B startup ZYOD is modularizing fashion styles, using data to boost efficiency, and employing smart ERP solutions to optimise and scale its supply chain.

With a global presence in over 18 countries and serving over 350 customers, the Gurugram-based platform claims to offer a diverse catalogue of 10,000 unique styles monthly with rapid turnaround times.

In India, it works with the likes of Reliance, Aditya Birla, Rare Rabbit, FirstCry, and others.

Ritesh Khandelwal, Co-founder of ZYOD, 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 industry trends," he added.

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 technology to refine every facet of the production process, right from a modular design approach to optimising operations at the factory level."

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 in 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."

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

Growing a Business

5 Risk-Taking Lessons From Founders Who Bet Big and Won

Discover the bold moves and strategic risks that catapulted these entrepreneurs to success. Learn how their fearless decisions can inspire your own path to growth.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

BGauss Secures Rs 161 Crore Funding from Bharat Value Fund to Accelerate Expansion

The funds will be utilized to scale BGauss's manufacturing capacity, enhance in-house R&D for new product launches, and bolster marketing efforts