ZYOD, a global B2B platform for apparel sourcing and manufacturing, has raised $18 million in its Series A funding round led by RTP Global.
The financing, which was a mix of debt and equity investment, also saw the participation of returning investors Lightspeed Venture Partners and Alteria Capital, the Gurugram-based startup said in a statement.
Other investors in the round include Stride Ventures, Stride One, and Trifecta Capital.
The company will use the funding proceeds to expand its operations to 40 new countries. At present, it works with fashion apparel brands across 18 countries. It will also use the capital for technological advancements and talent acquisition.
“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, showcasing the potential of Indian entrepreneurship on the global stage,” said NishitGarg, Partner at RTP Global’s Asia investment team.
Founded in April 2023 by Ankit Jaipuria and Ritesh Khandelwal, ZYOD takes care of end-to-end manufacturing of apparel including design, manufacturing, and delivery for apparel brands. According to a report in Techcrunch, Zyod currently serves more than 550 customers in over 18 countries, adding about 400 customers in the last two years.
ZYOD had last raised $3.5 million in its seed round led by Lightspeed in April last year. The round also saw participation from FJ Labs, Panthera Peak Capital, and angels such as Abhishek Goyal, Abhinav Sinha, Gaurav Hinduja, Ravi Khandelwal, and others.