Indian Direct-to-commerce (D2C) fashion brand Zouk said it has raised $3 million led by Stellaris Venture Partners.
The funding round also saw participation from Sharrp Ventures, JJ Family Office, Deutsche Bank India CEO Dilip Khandelwal, Atomberg founder Manoj Meena and founders of Sugar Cosmetics Vineeta Singh and Kaushik Mukherjee.
Zouk operates in the bags, wallets, and footwear categories and it plans to invest the funds to promote its brand, expand its collections, hire more people, strengthen its supply chain, and open offline stores.
The startup said that it plans to open five brand outlets this year. It already has a presence in over 50 retail touchpoints.
Zouk last raised a $1.5 million funding round which was again led by Stellaris Venture Partners.
The company is known for making Peta-approved bags and other products using “vegan leather”. The startup claims to have grown 10x since its last funding round.
Read more on Tech Gist Africa:
Indian SaaS startup Houseware raises $2.1m funding
India’s NoBroker Raises $5M in funding from Google