Shardul Amarchand Mangaldas & Co. (SAM) and Cyril Amarchand Mangaldas (CAM) advised on Groyyo’s Series B fundraise.
Groyyo Private Limited, an AI-powered fashion manufacturing and supply-chain platform with technology infrastructure spanning design, sourcing, production, quality control and logistics, raised a Series B fundraise led by Cornerstone Ventures Enterprise Tech Fund II, with participation by certain existing investors, including Alpha Wave Incubation, LP.
The investment will enable Groyyo to expand its network of 470+ manufacturers, deepen its AI-powered design and trend-forecasting capabilities, and accelerate its presence across North America, Europe and the Middle East.
The first tranche of the fundraise was valued at approximately INR 90 crores.
SAM advised Groyyo Private Limited on its Series B fundraise.
The transaction team comprised Partner Navruz Vakil, Consultant Alena Nari Advani, Senior Associate Daksh Hemnani, and Associate Vidhhii Shah.
CAM advised Cornerstone Ventures Enterprise Tech Fund II on its investment in Groyyo Private Limited.
The transaction was led by Partner Aditi Manchanda, with support from Principal Associate Geetika Myer, Senior Associate Kaushik Raichura, and Associate Shravan Subramanian.
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