Groyyo banks Rs 90 Cr in Series B first close led by Cornerstone Ventures

Gurugram-based AI fashion supply chain platform Groyyo raised Rs 90 crore in the first close of its Rs 200 crore Series B round led by Cornerstone Ventures. The capital will scale its network of 470 manufacturers, sharpen AI sourcing tools and deepen global apparel presence across 45 international brands in 10 countries.

— Source publishedThu, 16 Jul, 2026, 20:20 IST·First seen Thu, 16 Jul, 2026, 20:25 IST·Source YourStory

What happened

Gurugram-based AI fashion supply chain platform Groyyo raised Rs 90 crore in first close of its Rs 200 crore Series B led by Cornerstone Ventures, to expand its

Key facts

  • Rs 90 crore first close
  • Rs 200 crore Series B
  • 470 manufacturers
  • 45 international brands
  • 10 countries
  • Rs 500 crore FY26 revenue run rate
  • Rs 3,000 crore target in 3 years
  • founded 2021

Why this matters

Groyyo's fresh capital and push across 10 countries and 45 brands signals consolidation in AI-driven apparel sourcing, making it a potential partner, acquirer, or competitive threat in supply-chain tech.

What to watch

  • Timing and lead investor of the Rs 110 Cr second close
  • Gross margin and take-rate disclosure vs GMV growth
  • Brand count movement from 45 and country expansion beyond 10
  • FY26 revenue actuals vs Rs 500 Cr run-rate claim
  • Competitor funding (Fashinza, Zyod, Yellow.ai-style sourcing plays)
  • US/EU apparel import demand and tariff shifts affecting Indian exporters
  • Announce named brand and geography additions beyond current 10 countries to signal demand-side traction
  • Layer AI sourcing tools into a monetizable SaaS/take-rate model to defend margins
  • Recruit senior supply-chain and international sales leadership to support scale claims
  • Selective manufacturer consolidation toward higher-compliance, export-ready units
  • Working capital / trade-finance facility to fund order volume without diluting equity

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