Groyyo has raised Rs 90 crore, or about $9.3 million, in the first close of its Series B funding round led by Cornerstone Ventures, with participation from existing investors. The company is targeting a larger Rs 200 crore, or roughly $20 million, round. The fresh equity capital comes after a gap of more than four years since the Gurugram-based startup’s Series A round in 2022.
Founded in 2021 by Pratik Tiwari and Subin Mitra, Groyyo operates an AI-driven B2B platform for fashion manufacturing and sourcing. The platform connects global fashion brands with a network of manufacturing partners and digitises the apparel production cycle, covering design, costing, production planning and tracking, quality checks, logistics and supplier coordination. It also offers factory operating software that helps manufacturers manage production, inventory and finance while giving brands real-time visibility into the manufacturing process.
The company plans to use the capital to expand its manufacturing network across new hubs, deepen its supplier base, strengthen AI-based design and trend-forecasting capabilities, and grow its presence in North America, Europe and the Middle East. Groyyo has built a supplier network of more than 470 manufacturers and serves over 45 international brands across 10 countries. It is targeting an annualised revenue run rate of Rs 500 crore in FY26 and aims to cross Rs 3,000 crore in revenue over the next three years while improving profitability.
The funding is material because apparel supply chains remain highly fragmented and relationship-driven, with many small and mid-sized manufacturers still relying on spreadsheets, informal communication and manual tracking. Groyyo is positioning itself as an operating layer for fashion manufacturing, where software, supplier discovery, quality assurance and logistics visibility are bundled into a single technology-led workflow. Its AI roadmap adds another layer: faster design-to-delivery cycles, better demand interpretation and more predictable supplier execution.
In June 2022, Groyyo raised $40 million in a Series A round of debt and equity led by Tiger Global, with participation from Alpha Wave, Stride Ventures and Sparrow Capital. In January 2024, it secured $5.4 million in debt funding from Lighthouse Canton and Trifecta Capital. The latest round suggests continued investor interest in Indian B2B platforms that combine software with export-linked supply-chain infrastructure, particularly in sectors where India is competing for global manufacturing mandates. Sources:
