Gurugram-based global B2B apparel sourcing startup Zyod has successfully secured $18 million in Series A funding led by RTP Global. The other notable investors in the funding round were Lightspeed Venture Partners, Alteria Capital, Stride Ventures, Stride One and Trifecta Capital. The new capital is a mix of debt and equity. It is the second significant funding for the company within 15 months. It embraced a funding of $3.5 million in April 2023.

Zyod has ambitious plans with the fresh investment. It intends to expand its geographical footprint to about forty countries. It is currently serving 18 countries. Spreading the reach to more countries means getting closer to its commitment to becoming a global leader in apparel sourcing. Moreover, it will simultaneously invest in technological advancements and talent acquisition as well to enhance offerings and stand out in the competition.

Founders Ankit Jaipuria and Ritesh Khandelwal states that the platform can deliver a new range of products within 21 days and the minimum orders required is as low as 50 pieces. It has collaborations with some of the major players in India and these include Reliance, Aditya Birla, Rare Rabbit and FirstCry.

Zyod aims to double its customer base and introduce 100,000 unique designs every month. It caters to a diverse and global audience. It is expecting 80% of the business to come from overseas markets in the near future. It is positioning itself as a key player in the international fashion sourcing market.

The startup operates in a highly competitive market. It is facing competitions from rival companies such as Fashinza, which has raised about $150 million to date. However, Fashinza witnessed encountering challenges and is reported to be returning money of the investors.