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

The Gurugram-based AI fashion manufacturing B2B platform raised the first tranche of a targeted Rs 200 crore Series B. Capital will scale its 470+ manufacturer network, AI design and forecasting stack, and expansion across North America, Europe, and the Middle East. Groyyo eyes Rs 500 crore ARR by FY26.

— Source publishedThu, 16 Jul, 2026, 17:32 IST·First seen Thu, 16 Jul, 2026, 17:32 IST·Source Entrackr · Newsletter

What happened

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

Key facts

  • 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)
  • 470+ manufacturers
  • 45+ international brands
  • 10 countries
  • Rs 500 crore ARR target FY26
  • Rs 3,000 crore revenue target in 3 years

Why this matters

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

  • Announcement (or absence) of remaining Rs 110 Cr second close within 6-9 months
  • New marquee brand/retailer buyer contracts in NA/EU/MENA
  • 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
  • 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

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