Zyod, a business-to-business platform for apparel sourcing and manufacturing, recently announced the successful closure of its seed fundraising round, with Lightspeed leading the funding of $3.5 million. For the round, FJ Labs, Panthera Peak Capital, and select angels, including Abhishek Goyal – founder of Tracxn, Abhinav Sinha – global COO of Oyo, and Gaurav Hinduja – COO of Gokaldas Exports, also participated.
About Zyod
Zyod is an enterprise-grade B2B platform offering an array of lifecycle-management services for apparel sourcing and manufacturing. Through its comprehensive suite of software solutions, Zyod helps enterprises stay organized and make smarter decisions in their production, quality compliance, and distribution processes. It also helps them manage their suppliers and vendors with great efficiency. In a short span of time, Zyod has earned the trust of major apparel giants, such as Gap Inc., Tommy Hilfiger, and Tommy Jeans among others.
About the Notable Investors
Lightspeed is an early-stage venture capital firm that invests in cutting-edge technologies and solutions. Since its inception in 2000, Lightspeed has raised over $8 billion to back over 500 different startups. Abhishek Goyal is the founder of Tracxn, a data analytics platform. His experience backed by Tiger Global and Accel has earned him numerous successes in his career. Abhinav Sinha is the global COO at Oyo, one of the largest venture-backed hospitality chain. His contributions to Oyo’s success are incomparable. Gaurav Hinduja is the COO of Gokaldas Exports, the enterprise known for apparel manufacturing. His expertise in the field of fashion technology is unparalleled.
The seed funding raised by Zyod will enable the company to further strengthen its product and strengthen its foothold in the apparel industry. The traction garnered by Zyod also attests to its strong potential and value as a robust B2B platform for apparel sourcing and manufacturing. With the influx of experienced investors and visionaries, Zyod has joined the race to introduce more advanced solutions to the fashion industry. Businesses currently reliant on the market can now look to access more standardized, automated solutions developed and backed by Zyod.
