Groyyo Series B funding reached its first close on 16 July 2026, with Groyyo raising ₹90 crore (~$9.4 million) as part of a larger ₹200 crore round led by Cornerstone Ventures, as publicly reported on 2026-07-16. The Gurugram-based startup, which operates an AI-driven B2B platform connecting global fashion brands with apparel manufacturers, also received participation from its existing investors. The round marks the company’s first equity raise in more than four years, following its Series A in 2022.
Quick Highlights
- Founders: Pratik Tiwari and Subin Mitra
- Lead Investor: Cornerstone Ventures
- Participating Investors: Existing investors
- Investor Background: Cornerstone Ventures; Vatsal Bavishi, Partner at Cornerstone Ventures, noted publicly that global fashion supply chains remain “one of the largest, most fragmented markets that technology hasn’t fully touched”
- Headquarters: Gurugram, Haryana, India
- Announcement Date: 16 July 2026
Funding Breakdown
Use of Funds
As publicly reported, Groyyo plans to deploy the Series B proceeds across three primary areas: expanding its factory network into new manufacturing hubs, strengthening its AI-based design and trend-forecasting platform, and deepening its commercial presence across North America, Europe, and the Middle East. The company also stated that the capital will help accelerate the digitisation of apparel sourcing and production, with the goal of compressing production timelines from months to weeks for partner brands and suppliers.
Funding Timeline
Groyyo was founded in 2021 and completed a Seed round backed by Alpha Wave Global. In June 2022, it 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 additional debt funding from Lighthouse Canton and Trifecta Capital. With the current Series B first close, total funding raised to date stands at approximately $50 million, as publicly reported.
Expansion Plans
Groyyo has set an ambitious revenue target of more than ₹3,000 crore over the next three years, building on an annual revenue run rate of approximately ₹500 crore for FY26, as publicly reported. The company is targeting deeper penetration across North America, Europe, and the Middle East, where demand from global fashion brands for transparent and technology-driven supply chains is growing. Groyyo’s growth strategy is also aligned with India’s National Manufacturing Mission, with the company aiming to improve manufacturing capacity utilisation for Indian factories serving global demand. The startup currently serves over 45 international brands across 10 countries through a supplier network of more than 470 manufacturers, as publicly reported.
Significance
This round is significant because it arrives as global fashion brands increasingly diversify sourcing away from China, seeking technology-led partners that offer visibility, speed, and reliability across the production lifecycle. Groyyo’s positioning as a full-stack operating layer — combining supplier discovery, AI-driven design tools, quality assurance, and logistics visibility in a single platform — places it at the centre of a structural shift in how apparel supply chains are managed. The first close of the Series B, targeting a full corpus of ₹200 crore, signals sustained institutional confidence in Indian B2B platforms that link software capabilities with export-linked manufacturing infrastructure. For the broader fashion-tech sector, Groyyo’s profitability claims at scale make this raise a meaningful data point for investor sentiment in the category.
These details have been verified against multiple publicly available reports as of 2026-07-16.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
