Gurugram-based manufacturing platform Groyyo has secured $9.3 million led by Cornerstone Ventures. The funds will support global expansion and AI-based software development to digitize fashion supply chains. The company aims for a revenue run rate of Rs 500 crore in FY26 as it looks to scale operations across international markets.
Groyyo, a startup specializing in AI-driven manufacturing and supply chain automation, has raised $9.3 million in a new funding round. Led by Cornerstone Ventures, this latest injection increases the company's total funding to $54 million. Previous backers of the platform include investors such as Tiger Global, Stride Ventures, and Sparrow Capital.
Scaling Operations and AI Infrastructure
The company plans to use the new capital to broaden its geographic presence and invest in its core technology. Groyyo provides software solutions designed to streamline the fashion manufacturing process, covering steps from initial product design and costing to production planning, logistics, and quality management. By digitizing these workflows, the startup aims to shorten the time required to move products from the design phase to the customer.
According to the company, it currently works with 470 manufacturers and 45 global brands. The platform is operational in India, as well as international markets including North America, the UK, Europe, and the Middle East. With this fresh capital, the startup intends to scale its factory network and improve the artificial intelligence tools used for trend identification and supply chain efficiency. Subin Mitra, cofounder of the startup, noted that the focus remains on scaling successful existing infrastructure while maintaining reliability for its manufacturing partners.
Market and Business Context
Founded in 2021, the Gurugram-based startup is targeting a revenue run rate of Rs 500 crore for the 2026 financial year. The broader fashion supply chain sector remains highly fragmented, with many traditional processes still relying on manual workflows. Cornerstone Ventures, which led the investment, emphasized that Groyyo’s technology-first approach to the entire value chain acts as a competitive advantage that is difficult for other market participants to replicate quickly.
For investors and industry observers, the core monitorable for Groyyo will be its ability to execute this expansion without encountering operational bottlenecks. As the company grows its footprint across international markets, it will face the dual challenge of maintaining profit margins while managing the complexities of diverse regulatory and logistics environments. Investors may also look for updates on how effectively the company can scale its technology adoption among its 470 existing manufacturing partners and whether this growth translates into sustainable cash flow as it approaches its revenue targets for the fiscal year.