Home / Business and Economy / AI Fashion Platform Groyyo Secures Rs 90 Cr Funding
AI Fashion Platform Groyyo Secures Rs 90 Cr Funding
16 Jul
Summary
- Groyyo raised Rs 90 crore in its Series B funding.
- The funds will expand manufacturing network and AI capabilities.
- The company aims for Rs 3,000 crore revenue in three years.
Groyyo, an AI-driven B2B platform connecting fashion brands with manufacturers, announced the first close of its Series B funding. The company secured Rs 90 crore ($9.4 million) in this round, led by Cornerstone Ventures, with support from existing investors. This funding marks a significant step for the Gurugram-based startup after a four-year gap since its last equity round.
The newly acquired capital will be strategically deployed to broaden Groyyo's manufacturing base into new hubs. Additionally, the investment will bolster its AI-powered design and trend forecasting capabilities, aiming to deepen its market presence across North America, Europe, and the Middle East.
Founded in 2021, Groyyo digitizes the apparel production cycle, from design to logistics. It offers a factory operating software for manufacturers and real-time visibility for brands. The company boasts a supplier network of over 470 manufacturers serving more than 45 international brands across 10 countries.
Groyyo is setting ambitious financial targets, aiming for an annualised revenue run rate of Rs 500 crore in FY26. The company projects crossing Rs 3,000 crore in revenue over the next three years while concurrently enhancing its profitability.
