Zouk another fashion brand that only uses animal friendly products to fashion its clothes is ready for a big boost in funding. Mumbai-based startup is close to finalising over $10 million of new investment from Aavishkaar Capital and previous investor Stellaris Venture. This comes only eighteen months after Zouk’s last fundraising exercise.
Zouk was established in 2015 and over the years has endeared itself to the market by offering organic vegan leather goods that are produced by their designers. The brand has grown very fast, recording a revenues growth to Rs 47.41 crore in FY23 from Rs 21.82 crore in FY22. But during the same time, loss has also risen, which suggests the strategy of growth and expansion.
This stream of funding will allow Zouk to receive the necessary means for further development of its services, enlargement of the range of offered products, and enhancement of the company’s presence on the market. Having a very large and loyal investor base and showing a good growth trend, Zouk could emerge as a powerful competitor to the D2C fashion industry.
