Zouk, a homegrown vegan life-style model, in the present day introduced that it has raised Rs 11.75 crore ($1.5 million) in a pre-series A spherical led by Stellaris Enterprise Companions, together with participation by the founders of Wow Pores and skin Science. Present buyers Titan Capital additionally participated within the spherical.
The fund infusion will assist Zouk develop its presence in India and new international markets, strengthen its provide chain and distribution channels, and prolong its product line. Zouk raised seed capital earlier this 12 months from Titan Capital, founders of Beardo and Mamaearth.
The Zouk portfolio contains laptop computer baggage, tote purses, slings and chain wallets to call a couple of, constructed from 100 per cent vegan leather-based sourced and manufactured in India. Zouk’s mission is to construct an iconic international client model from India. Having gained 50,000-plus prospects with a 4x progress previously seven months, Zouk goals to double its client base each six months for the subsequent 5 years.
The corporate will use the pre-series A fundind to take the wealthy Indian heritage in a contemporary avatar to the US, Canada, Europe, and West Asia along with increasing its group in India. Zouk can be extending the vary to supply modern merchandise, thereby constructing the class and inspiring market acceptance of residing a cruelty-free life-style.
Disha Singh, Co-founder and CEO, Zouk, mentioned, “In Stellaris, now we have discovered the best companion, who can information us to turn out to be an iconic model within the coming years. We’re excited that Rahul Chowdhri, Accomplice at Stellaris, will be a part of our board. Our first milestone is to scale Zouk to a Rs 100-crore model within the subsequent few years. We then wish to chart the trail to hitting Rs 1,000 crore.”
“The Indian D2C market is at its prime in the present day; customers have undergone a mindset shift in selecting to go surfing for his or her purchasing wants and Covid-19 has additional accelerated this behaviour. There’s by no means been a greater time to construct new-age client manufacturers in and from India. E-commerce marketplaces and social media platforms present a level-playing subject for challenger manufacturers like Zouk to compete with incumbent manufacturers, and carve their very own area of interest,” Rahul Chowdhri, Accomplice, Stellaris Enterprise Companions mentioned.
Bipin Shah, Accomplice at Titan Capital mentioned, “Zouk has acquired phenomenal buyer love, which has fueled their constant progress throughout on-line channels previously few months. We’re completely satisfied to double down on our funding on this spherical, as we consider that this can be a rocketship that may massively scale as much as hit a whole lot of crores of internet annual revenues on this decade. Unimaginable to cease implausible Disha and Pradeep.”
This spherical additionally noticed participation from the founders of Wow Pores and skin Science, a vastly profitable D2C worldwide model from India. Manish Chowdhary, co-Founding father of Wow Pores and skin Science mentioned, “Zouk’s 100 per cent Vegan merchandise, with a mixture of fashion and performance, have large potential in international markets. The true kicker for me was that each one their merchandise have an essence of Indian handicraft and craftsmanship, which I consider will resonate properly with customers within the US, Canada and Europe.”