INDIA – Zyod, a Delhi, India-based provider of a B2B platform for apparel sourcing and manufacturing, raised $3.5M in Seed funding.
The round was led by Lightspeed with participation from FJ Labs, Panthera Peak Capital, and angels such as Abhishek Goyal (founder Tracxn), Abhinav Sinha (global COO Oyo), Gaurav Hinduja (COO Gokaldas Exports), and Ravi Khandelwal (founder Yufta).The company intends to use the funds to further strengthen the technology platform, introducing new features and adding more manufacturers and suppliers, and team, actively hiring across functions such as product, tech, marketing, and operations.Co-founded in 2023 by Ankit Jaipuria and Ritesh Khandelwal, Zyod offers support to global customers looking to launch and grow their fashion businesses and brands from scratch. The company can deliver a range of products within 21 days with a minimum MOQ of 50pcs. Zyod has already built out a network of over 30 suppliers and enabled them to go global. Since its inception, the company has already served over 150 customers in 13 countries.04/04/2023
