Gurugram-based B2B garment manufacturing startup Groyyo has raised ₹90 crore (approximately $9.3 million) as part of its ongoing ₹200 crore Series B funding round led by Cornerstone Ventures. The fresh capital will be used to expand Groyyo's factory network, enhance its AI-powered design and trend forecasting platform, and increase its presence across North America, Europe, and the Middle East, the company said.
Founded in 2021 by Subin Mitra, Pratik Tiwari, and Ridam Upadhyay, Groyyo connects global fashion brands with verified manufacturers through its AI-driven platform. The startup digitizes the entire supply chain, from product design and trend forecasting to production tracking, quality control, and logistics. Upadhyay exited the company last year. Groyyo currently has a network of over 470 manufacturers and has served more than 45 international brands across 10 countries, according to inc42.com.
The funding round led by Cornerstone Ventures, with participation from existing investors, aims to help Groyyo scale its factory network and AI infrastructure. The startup’s platform addresses demand for faster, more transparent, and reliable sourcing in the fashion industry. Groyyo’s approach of compressing the time between design and delivery while maintaining trust with partners positions it among emerging players digitizing apparel manufacturing and supply chains.
Groyyo plans to deepen its market reach in North America, Europe, and the Middle East using the new funds. The startup also offers software solutions for factories to manage production, inventory, financing, and compliance, supporting its goal to streamline operations for manufacturers and brands. The Series B round remains open with ₹110 crore yet to be raised, according to inc42.com.