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Groyyo banks Rs 90 Cr in Series B first close led by Cornerstone Ventures
Our read
Groyyo's fresh Rs 90 Cr lets you scale the 470+ manufacturer network and AI forecasting stack, but hitting Rs 500 Cr ARR by FY26 hinges on flawless execution across three new geographies simultaneously.
Watch
New marquee brand/retailer buyer contracts in NA/EU/MENA
The report,
Gurugram-based AI fashion manufacturing B2B platform Groyyo raised Rs 90 crore in first close of Series B led by Cornerstone Ventures. Funds will expand its manufacturing network, AI design/forecasting platform, and presence in North America, Europe, and Middle East.
Reported figures
From the report. Source details below
| Rs 3,000 crore revenue target in | 3 years |
|---|
Also in the report
- Rs 90 crore ($9.4 million) first close
- Rs 200 crore ($20.8 million) Series B target
- $40 million Series A (June 2022)
- $5.4 million debt (Jan 2024)
- Rs 500 crore ARR target FY26
Other figures
- 470+ manufacturers
- 45+ international brands
- 10 countries
Why it matters to operators
Groyyo's AI-driven B2B apparel platform is aggressively expanding into North America, Europe, and the Middle East—map this as both a partnership target for sourcing and a potential consolidation play in the fragmented manufacturing-tech space.
What to watch next
- Announcement (or absence) of remaining Rs 110 Cr second close within 6-9 months
- Manufacturer network growth beyond 470 and gross-margin disclosures
- Hiring surge for international GTM vs quiet cost-cutting
- Competitor funding moves (Fashinza, Zyod, Bizongo) reshaping B2B apparel sourcing
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Ramp North America and Middle East BD teams and open regional sourcing offices
- Deepen AI design/forecasting product to lift take-rate and reduce sample lead times
- Onboard anchor Western retail/brand buyers to build order book toward Rs 500 Cr ARR
- Signal second-tranche close with a strategic or global investor for credibility