Groyyo Secures ₹90 Crore in Series B Round Led by Cornerstone Ventures

AI-driven fashion manufacturing platform Groyyo has secured ₹90 crore in the first close of its Series B funding round, marking its first equity raise in more than four years. The funding round was led by Cornerstone Ventures, with continued backing from existing investors, reflecting confidence in the company's technology-driven approach to transforming global apparel manufacturing.

The Gurugram-based startup plans to deploy the new capital to expand its manufacturing network, enhance its artificial intelligence capabilities, and strengthen its global presence. The company is also investing in AI-powered design, demand forecasting, and production intelligence to help fashion brands streamline sourcing and manufacturing operations.

Founded in 2021 by Pratik Tiwari and Subin Mitra, Groyyo operates a B2B technology platform that connects international fashion brands with a network of apparel manufacturers. The platform digitizes the entire production lifecycle, enabling brands to manage sourcing, costing, production tracking, quality control, and logistics through a single technology platform.

Key Developments

The latest investment is the first close of Groyyo's planned ₹200 crore Series B funding round. The company intends to use the proceeds to expand its supplier ecosystem, strengthen its AI infrastructure, and deepen its presence in key international markets.

Particular	Details
Company	Groyyo
Funding Round	Series B (First Close)
Amount Raised	₹90 crore ($9.4 million)
Total Planned Round	₹200 crore ($20.8 million)
Lead Investor	Cornerstone Ventures
Headquarters	Gurugram
Founded	2021
Founders	Pratik Tiwari & Subin Mitra

The funding comes after Groyyo raised $40 million in a Series A round in 2022, led by Tiger Global, with participation from Alpha Wave, Stride Ventures, and Sparrow Capital. The company also secured $5.4 million in debt financing from Lighthouse Canton and Trifecta Capital in 2024.

Company Overview

Groyyo has developed an AI-powered manufacturing platform that digitizes the fashion supply chain by connecting apparel brands with verified manufacturing partners. Its platform provides end-to-end visibility into production processes, helping brands improve efficiency, reduce lead times, and enhance quality management.

In addition to supply chain management, the company offers factory operating software that enables manufacturers to manage production planning, inventory, finance, and operations while providing brands with real-time manufacturing insights.

According to Groyyo, the platform currently supports a network of more than 470 manufacturing partners and serves over 45 international fashion brands across 10 countries.

Business Metric	Details
Manufacturing Partners	470+
International Brands	45+
Countries Served	10
Business Model	AI-powered B2B Fashion Manufacturing Platform
Platform Services	Design, Costing, Production Tracking, Quality Control & Logistics

Financial and Business Impact

The fresh funding will enable Groyyo to accelerate product innovation and expand its global manufacturing ecosystem. The company plans to strengthen its AI-powered design engine, trend forecasting capabilities, and supplier management platform while increasing investments in technology infrastructure.

Groyyo is also targeting significant business growth, aiming for an annualised revenue run rate of ₹500 crore during FY26 and a long-term goal of crossing ₹3,000 crore in revenue over the next three years, while simultaneously improving profitability.

Growth Focus	Expected Impact
AI Infrastructure	Enhanced design and forecasting capabilities
Manufacturing Network	Expansion across new production hubs
International Markets	Growth in North America, Europe & Middle East
Technology Platform	Improved supply chain visibility
Revenue Target	₹500 crore annualised run rate in FY26
Long-Term Goal	₹3,000 crore revenue over three years

The company believes technology-driven manufacturing will help global fashion brands improve operational efficiency while creating a more transparent and digitally connected supply chain.

Market Impact

The global fashion manufacturing industry remains one of the world's largest and most fragmented supply chains, with many production processes still relying on manual coordination and legacy systems. Groyyo aims to address these inefficiencies by combining artificial intelligence, automation, and supply chain digitization.

Growing demand for faster product development, improved inventory management, and near real-time production visibility has increased interest in AI-enabled manufacturing platforms. The latest funding underscores investor confidence in technology companies modernizing traditional manufacturing industries through digital transformation.

For the broader startup ecosystem, the investment highlights continued venture capital interest in enterprise technology platforms that combine AI with large industrial sectors such as apparel manufacturing and global supply chain management.

Outlook

With the first close of its Series B funding completed, Groyyo is expected to accelerate its expansion across domestic and international markets while continuing to enhance its AI-powered manufacturing platform. The company will focus on scaling its supplier network, improving predictive design capabilities, and strengthening relationships with global fashion brands.

Going forward, investors will monitor the completion of the remaining Series B raise, international customer acquisition, supplier network expansion, AI platform adoption, and progress toward the company's ambitious revenue targets. As fashion brands increasingly embrace digital supply chains, Groyyo is positioning itself as a technology-driven infrastructure platform for the global apparel industry.

1. How much funding has Groyyo raised?

Groyyo has raised ₹90 crore ($9.4 million) in the first close of its ₹200 crore Series B funding round.

2. Who led Groyyo's Series B funding round?

The first close of the Series B round was led by Cornerstone Ventures, with participation from existing investors.

3. What does Groyyo do?

Groyyo operates an AI-powered B2B fashion manufacturing platform that connects global apparel brands with manufacturing partners while digitizing the entire production process.

4. How will Groyyo use the fresh capital?

The company will use the funds to expand its manufacturing network, strengthen AI-based design and trend forecasting, scale its technology platform, and expand into North America, Europe, and the Middle East.

5. What are Groyyo's growth targets?

Groyyo aims to achieve an annualised revenue run rate of ₹500 crore in FY26 and cross ₹3,000 crore in revenue over the next three years, while improving profitability.