NEW DELHI: Zouk, a vegan lifestyle brand has raised an undisclosed amount in seed funding. The funding round is led by investors, including Titan Capital and founders of Beardo and Mamaearth. With this fresh round of investment, the company plans to expand its operations across India and abroad.
The company aims to bring stylish and functional products with the essence of India to new-age customers. Besides the product range expansion, significant investments will also be made to expand the team and streamline supply chain. Zouk aims to scale up to hit Rs 100 crore in revenue from the India business, at the same time taking its Indian products to various parts of the world. The company receives regular enquiries from customers living in Canada, the US and Sri Lanka.
In a statement, Disha Singh, Co-founder and CEO, Zouk said, “Each investor has achieved so much in the e-commerce and D2C space. We look forward to their advice and support, as we scale up.”
“The company has built a solid set of innovative products which we believe can be taken from India to the world,” said, Bipin Shah, partner at Titan Capital, in a statement.
“Zouk’s products resonate well with the Indian online consumers, who today want to support homegrown brands. This will be a base to grow the brand in the coming years.” said, Ashutosh Valani, co-founder, Beardo, in a statement.
Varun Alagh, co-founder, Mamaearth, in a statement said, “Having taken their Vegan bags to over 30,000 customers, they have reached early product-market fit. As Indian consumers become more conscious of their brand choices, Zouk has a bright future in building a brand.”
The company brings vegan bags, wallets and accessories to its consumers. All products are handmade by artisans in their in-house manufacturing facility in Mumbai. Zouk is a PETA approved vegan brand with a varied set of products including laptop bags, office bags, handbags, eyewear cases and scarves.
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