Groyyo Raises ₹90 Crore to Expand Supplier Network

Groyyo, a startup focused on B2B garment manufacturing and supply chain solutions, has raised ₹90 crore (approximately $9.3 million) as part of its ongoing ₹200 crore ($20.8 million) Series B funding round. The round was led by Cornerstone Ventures, with participation from existing investors.

The Gurugram-based company stated the new funds will be directed towards expanding its factory network, bolstering its AI-powered design and trend forecasting capabilities, and deepening its presence in North America, Europe, and the Middle East.

Founded in 2021, Groyyo connects global fashion brands with verified manufacturers, digitizing the supply chain from design to delivery. Its platform covers product design, trend forecasting, production tracking, quality control, and logistics. The startup claims to operate a network of over 470 manufacturers and serves more than 45 international brands across ten countries.

With this latest infusion, Groyyo has raised approximately $50 million to date. The company competes with other apparel sourcing platforms like Fashinza and Geniemode. In the past year, Groyyo acquired a majority stake in U.S.-based online womenswear company Oussum Inc. to enhance its position in the American B2B fashion retail market.