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B2B fashion startup Zyod raises $18 Mn led by RTP Global

EntrackrEntrackr · 1y ago
B2B fashion startup Zyod raises $18 Mn led by RTP Global
Medial

Global B2B platform for apparel sourcing and manufacturing Zyod has raised $18 million in a Series A round led by RTP Global. The funding round, a mix of debt and equity investment, also saw participation from Lightspeed Venture Partners, Alteria Capital, Stride Ventures, Stride One, and Trifecta Capital. This is the second funding for the Gurugram-based startup within 15 months. In April 2023, it raised $3.5 million in a seed round led by Lightspeed. The company said it will use the capital for geographical expansion to 40 new countries from 18 countries while it will also go for technological advancements and talent acquisition. Founded by Ankit Jaipuria and Ritesh Khandelwal, Zyod offers exclusive support to global customers looking to launch and grow their fashion businesses and brands from scratch. The startup claims that it can provide a new range of products within 21 days with as low as 50 pieces minimum order which makes it a lucrative option for brands. In India, it works with Reliance, Aditya Birla, Rare Rabbit, FirstCry and others. The firm aims to double its customer base and introduce 100,000 unique designs every month catering to a global audience. In the next few years, Zyod expects 80% of its business to come from overseas markets. ZYOD competes with Prosus-backed Fashinza which has raised around $150 million to date. As per an ET report, Fashinza was planning to return investors’ money as it failed to find traction in the original business plans. Early-stage venture capital firm RTP Global announced the close of its $1 billion fund in June last year. As per the fund, it will make a third of its investments in India. In 2024, it backed startups like International Battery Company (IBC), Dexif, Varaha, and SydeLabs, among others.

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Fashion brand Outzidr raises $3.1 Mn led by RTP Global

EntrackrEntrackr · 7m ago
Fashion brand Outzidr raises $3.1 Mn led by RTP Global
Medial

Fashion brand Outzidr raises $3.1 Mn led by RTP Global Co-founded in 2024 by Nirmal Jain, Mani Kant Mani, and Justin Mario, Outzidr is a digital-first fashion brand offering on-trend western wear for Indian women aged 18–28. The Bengaluru-based startup has raised Rs 27 crore (around $3.1 million) in a pre-Series A round led by RTP Global along with participation from existing investor Stellaris Venture Partners. Outzidr, a fashion brand built for Gen Z women, had previously raised Rs 30 crore (around $3.5 million) in a seed round led by Stellaris Venture Partners. The proceeds will be utilized for the next phase of growth, including the launch of its first exclusive offline store by March 2026 and expansion of its design, operations, and technology teams. Outzidr launches up to 2,000 new styles every month, or 500 every week, through its own D2C platform and leading marketplaces like Ajio, Myntra, and Nykaa Fashion. “Outzidr represents the energy of a new generation — fast-paced, fresh, and fearless,” said Nirmal Jain, Co-founder and CEO of Outzidr. “We’re building a brand that listens, learns, and reacts in real time. This fundraiser is a strong validation of our mission to become the everyday fashion choice for Gen Z women — and of the incredible team and opportunity we’re building for.” According to market research, India’s fast fashion market is currently valued at around $10 billion and is projected to surge to over $50 billion by FY 31, growing at a ~30% CAGR. In just five months, the brand claims to have gained more than 100,000 customers. It primarily competes with other notable players in this space such as NEWME, Zudio, and Style Union.

Kluisz.ai raises $9.6 Mn in seed round led by RTP Global

EntrackrEntrackr · 8m ago
Kluisz.ai raises $9.6 Mn in seed round led by RTP Global
Medial

Kluisz.ai raises $9.6 Mn in seed round led by RTP Global Enterprise AI infra startup Kluisz.ai has raised $9.6 million in a seed round led by RTP Global, making it one of the largest seed fundraises for an AI-focused deeptech company out of India in 2025 so far. The round also saw participation from Unicorn India Ventures, Blume Founders Fund, Climber Capital, and several strategic angels, including Oyo’s Ritesh Agarwal, Innov8’s Ritesh Malik, Aditya Virwani of Embassy Group, and others. Founded earlier this year by former Oyo COO and CPO Abhinav Sinha, ex-McKinsey partner Vamshidhar Reddy, and former Jio cloud executive Abhijeet Singh, Kluisz.ai is building a developer-first AI-native private cloud platform for enterprise use cases. The product aims to orchestrate AI workloads across hybrid, on-premise, edge, and sovereign cloud environments, with embedded security, observability, and automation. Kluisz.ai allows developers to define performance, compliance, or cost objectives while the platform auto-manages deployment and execution across infrastructure stacks. According to the company, the fresh proceeds will be used to scale the core engineering team in Bengaluru, accelerate product development, and onboard early design partners. The startup is initially targeting sectors like BFSI, manufacturing, and regulated industries with edge-heavy infrastructure. For RTP Global, this marks a deeper bet on AI infra emerging out of India. “Kluisz.ai is taking on a highly complex, globally relevant problem with a team that has done this at scale before,” said Madhur Makkar, Partner at RTP Global. The startup currently employs under 20 people and plans to expand rapidly over the next 12–18 months.

SydeLabs raises $2.5 Mn led by RTP Global

EntrackrEntrackr · 2y ago
SydeLabs raises $2.5 Mn led by RTP Global
Medial

AI security and risk management startup SydeLabs has raised $2.5 million in its seed round led by RTP Global. The round also saw participation from Picus Capital and marquee angel investors such as Kunal Shah and Sai Srinivas Kiran. The startup will use the funds for research and development (R&D) and to build on its existing product portfolio. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers solutions to identify security and safety vulnerabilities in enterprise AI systems and prevent them in real time, helping mitigate cybersecurity attacks and abuse. SydeLabs is look to do partnerships with large language model (LLM) operation providers to distribute its product. It is also working on tools to help enterprises achieving compliance for their AI applications across geographies. The firm plans to clock $1 million in annual recurring revenue (ARR) by the end of 2024. Early-stage venture capital firm RTP Global claims to have made over 110 investments worldwide. Its notable investments include Datadog, DeliveryHero, CRED and SumUp.

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation

EntrackrEntrackr · 1m ago
Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation
Medial

Stable Money raises $25 Mn led by Peak XV at $175 Mn valuation Wealthtech startup Stable Money has raised $25 million at a valuation of $175 million in a pre-Series C funding round led by Peak XV Partners, with participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership. The Bengaluru-based startup had previously mopped up $40 million from Fundamentum Partnership Fund, Matrix Partners, RTP Global, Lightspeed India, and others. The proceeds will be used to strengthen its core platform, expand access to complementary savings products, and scale its team across key functions. Stable Money, co-founded in 2022 by Saurabh Jain and Harish Reddy, is a fixed income investment platform that enables individuals to earn stable and secure returns through fixed deposits, bonds via Stable Bonds, and other low-risk instruments. It provides a digital platform where users can compare, invest in, and manage fixed income products. The company plans to deepen direct partnerships with banks and NBFCs, both established and emerging, to widen customer choice, enable smarter rate discovery, and drive innovation. It is also strengthening its on-ground presence in key cities across India to build deeper, face-to-face relationships with customers. Stable Money claims that over 40 lakh users have chosen its platform to invest more than Rs 5,000 crore across fixed deposits, Stable Bonds, and other secure instruments. For the fiscal year ending March 2025, Stable Money reported operating revenue of Rs 104 crore, compared to just Rs 1.3 crore in FY24, while its losses increased to Rs 44.8 crore from Rs 12.8 crore during the same period. As per data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025.

Hero Enterprise-backed Corvi LED raises $8 Mn in Series B

EntrackrEntrackr · 1y ago
Hero Enterprise-backed Corvi LED raises $8 Mn in Series B
Medial

Consumer lighting company Corvi LED has raised $8 million in a growth capital round led by Enam Investments. The fresh funding has come after a hiatus of seven years for the Mumbai-based firm. This infusion will allow Corvi LED to expand into new geographies, diversify its product portfolio, and refine its technological capabilities, the company said in a press release. Corvi LED will also strengthen its market presence in B2C and B2B segments and is set to introduce a range of new LED products that meet the modern demand. Founded in 2012 by Vimal Soni, Corvi offers a portfolio of more than 100 products spanning across 7 categories like bulbs, tubes, flat, surface and others. As per the company, it has set global benchmarks with top efficiency ratings and features such as eliminating metal bodies, drivers, and heat sinks. The company claims to hold over 100 patents and registrations and has exported to 24 countries across Europe, the Middle East, Africa and South-East Asia. In 2017, Hero Enterprise had invested $10 million for a significant stake in Corvi LED Light. For the fiscal year ending in March 2023 (FY23), Corvi reported a minor decline in operating revenue to Rs 15.5 crore from Rs 16.65 crore in FY22. During the period, its losses increased to Rs 9.74 crore from Rs 7.41 crore. The firm is yet to file its annual financial statements for FY24. In the past couple of months, a clutch of established companies announced raising strategic money after a long gap or their maiden fundraise. In May, 17-year-old performance wear brand TechnoSport raised $21 million from A91 Partners in its first external fundraise while fast fashion omnichannel ethnic wear brand Libas also raised $18 million in its first ever external financing. Last month, 18-year-old Salon chain JCB (Jean Claude Biguine) Salons India raised Rs 40 crore ($4.8 million) from alternative credit platform Blacksoil. Around the same time, consumer electronics startup Indkal also announced $36 million in its first venture capital funding.

Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital

EntrackrEntrackr · 8m ago
Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital
Medial

Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital Mumbai-based quick commerce fashion platform KNOT has raised $3 million in a pre-Series A round led by Kae Capital with participation from Sparrow Capital, Boundless Ventures LLP, and founders of SNITCH, The Souled Store, and Bonkers Corner. Existing investors WEH Ventures, All In Capital, and Kumar Saurabh (Aukera Jewellery) also backed the round. The new funding will fuel product development, expansion beyond Mumbai, and deepen brand partnerships. Founded in 2025 by Archit Nanda and Rachit Bansal, KNOT is reimagining online fashion delivery with its 60-minute delivery model and Try ‘n Buy experience in Mumbai. The idea was born after the duo pivoted from their earlier venture Slick, spotting a major gap in how Gen Z and millennials discover and shop for fashion. KNOT currently claims to have partnered with over 70 fashion brands, fulfilling thousands of orders monthly. Its standout features include AI-based virtual try-ons, doorstep trials with instant returns, and influencer-led discovery. In the same space, ZILO secured $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures, last month. Fashion delivery startup Slikk also secured $10 million in funding. Myntra, which launched rapid apparel delivery in December 2024, has now extended the service to additional cities.

Climate-tech startup Varaha raises $20 Mn in Series B led by WestBridge Capital

EntrackrEntrackr · 1m ago
Climate-tech startup Varaha raises $20 Mn in Series B led by WestBridge Capital
Medial

Climate-tech startup Varaha has raised $20 million in the first tranche of its Series B round led by WestBridge Capital. Existing investors RTP Global and Omnivore also participated. The Series B round is sized at around $45 million. The funding comes after a gap of two years since Varaha raised its $8.7 million Series A round led by RTP Global in February 2024. The proceeds will be used to expand Varaha’s global footprint, strengthen its scientific and measurement, reporting and verification (MRV) systems, and scale a new industrial partnership model focused on biochar-based carbon removal. Co-founded in 2022 by Madhur Jain, Ankita Garg and Vishal Kuchanur, Varaha develops carbon removal projects across biochar, afforestation and reforestation, regenerative agriculture, and enhanced rock weathering. The company operates projects across India and other parts of South Asia and Africa, working closely with local operators and smallholder farmers. Alongside the funding, Varaha has launched the Varaha Industrial Partners Program (VIPP). Through this program, industrial operators with biomass and gasification capabilities can partner with Varaha to generate verified carbon removal credits using its MRV platform and carbon credit origination infrastructure. Varaha has signed long-term carbon offtake agreements with global companies including Google and Microsoft, and has delivered a large volume of durable carbon removal credits to date. The Gurugram-based company currently runs over 20 carbon projects across India, Nepal, Bangladesh, Bhutan, and Ivory Coast.

GreyOrange founder’s AI startup Budy.bot raises $4.2 Mn

EntrackrEntrackr · 1y ago
GreyOrange founder’s AI startup Budy.bot raises $4.2 Mn
Medial

AI startup Budy.bot has raised $4.2 million (about Rs 35.29 crore) in a funding round led by early-stage investor RTP Global. The round saw participation from Beenext, The Neon Fund, and angel investors such as Postman cofounder and chief executive Abhinav Asthana, Sierra Atlantic founder Raju Reddy, and Pure Storage cofounder John Hayes. The proceeds will be used to ramp up the training and development of the company’s artificial intelligence (AI) skills. Founded by Samay Kohli, Budy is an AI-driven agent designed to simplify the deployment and management of sales and marketing software stacks for enterprises. The startup claims to be purpose-driven, concentrating on achieving end outcomes and tangible business results. ​​Kohli is the founder of robotics company GreyOrange. As per the company, its initial focus will be on North America. The platform addresses a universal challenge faced by enterprises worldwide—optimising the deployment and management of sales and marketing software ecosystems.

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