Zyod, a global B2B platform for apparel sourcing and manufacturing, founded in January 2023, has announced a successful US $ 3.5 million seed funding led by Lightspeed.
The seed round also saw participation from FJ Labs, Panthera Peak Capital and select angels such as Abhishek Goyal (Founder, Tracxn), Abhinav Sinha (Global COO, Oyo), Gaurav Hinduja (COO, Gokaldas Exports), Ravi Khandelwal (Founder, Yufta) and others.
Zyod plans to use the funds to further strengthen the technology platform and team. From adding more manufacturers and suppliers to introducing new features, it will continue to build a larger network of MSMEs in the apparel sourcing and manufacturing segment. It is actively hiring across functions such as product, tech, marketing, and operations.
Co-founded by Ankit Jaipuria and Ritesh Khandelwal, Zyod has a vision to transform the apparel sourcing and manufacturing ecosystem in India. The firm has introduced a technology platform as a one-stop shop for fashion brands to leverage India’s vast manufacturing footprint and source high-quality products at the best possible MOQ.
Zyod claims to provide a new range of products within 21 days with as low as 50 pieces MOQ. This unique combination of 5x faster sourcing at 50x lower MOQs makes it a lucrative option for global brands and buyers.
The Startup has already served over 150 customers across 13 countries, democratising and simplifying fashion sourcing for every brand, retailer and wholesaler.
Ankit Jaipuria and Ritesh Khandelwal shared, “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. Brands increasingly are relying on us to be the one-stop shop for launching new styles every week without the worry of inventory, making us their partner from design to delivery”.
Closer home in India, the company has already built out a network of over 30 suppliers and enabled them to go global. While India has a large base of small and medium apparel manufacturing units, few have leveraged the tailwind of ‘make in India for the world’ as global brands diversify their supply chains.