Bengaluru: Direct-to-consumer (D2C) way of life brand name, Zou on Wednesday stated it has actually elevated $1.5 million (or 1175 crore) as component of its pre-series A round led by Stellaris Endeavor Allies.
The round additionally saw engagement by owners of Wow Skin Scientific research, as well as existing capitalists Titan Resources.
According to the firm, the fund mixture will certainly aid Zouk increase its existence in India as well as brand-new international markets, enhancing its supply chain as well as circulation networks as well as expanding its product.
Previously this year, Zouk elevated its seed resources from Titan Resources, owners of Beardo as well as Mamaearth.
” In Stellaris, we have actually discovered the appropriate companion, that can lead us to come to be a legendary brand name in the coming years. We are thrilled that Rahul Chowdhri, Companion at Stellaris, will certainly join our board. His huge experience of leading numerous firms from their onset to substantial dimension as well as rewarding departures will certainly be a large plus for us. Our very first turning point is to scale Zouk to a 100 crore brand name in the following number of years,” stated Disha Singh, founder as well as president (Chief Executive Officer) Zouk.
Zouk’s item profile consists of laptop computer bags, carry bags, slings as well as chain budgets made from vegan natural leather, which is sourced as well as produced in India.
The brand name presently has more than 50,000 consumers as well as strategies to expand to increase this base in the following 6 months.
Zouk intends to currently take its items to global items people, Canada, Europe, as well as the Center East while expanding its variety of items.
” The Indian D2C market goes to its prime today; customers have actually gone through an attitude change in picking to go on the internet for their buying requirements as well as covid-19 has more increased this actions. There’s never ever been a far better time to develop new-age customer brand names in as well as from India. Ecommerce markets as well as social media sites systems supply a level-playing area for opposition brand names like Zouk to take on incumbent brand names, as well as sculpt their very own specific niche”, stated Rahul Chowdhri, companion, Stellaris Endeavor Allies,
In the past, Stellaris has actually backed start-ups consisting of Mamaearth, Whatfix, mFine, Vogo as well as Store101
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