PE-VC Fund Investments
B2B fashion supply chain platform Groyyo raises Rs.90-Cr led by Cornerstone Ventures
Gurugram-based B2B (business-to-business) manufacturing startup Groyyo has raised INR 90 crore in the first close of a Series B funding round led by Cornerstone Ventures, with participation from existing investors.Founded in 2021 by Pratik Tiwari and Subin Mitra, Groyyo operates an AI-driven fashion supply chain platform that connects global brands with a network of apparel manufacturers to manage production lifecycles.The company plans to use the new funds to strengthen its artificial intelligence capabilities, expand manufacturing networks across India, and accelerate expansion in North America, Europe, and the Middle East.
Between Nov 2021 and Jan 2024, Groyyo had attracted about $ 50 M from Lighthouse Canton, Trifecta Capital, Alpha Wave Global, BlackSoil Capital, Sparrow Capital, Stride Ventures, Tiger Global and Others.
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