Zymrat, an innovation-led overall performance put on logo nowadays introduced raising $500,000 in seed investment.
The funding became led through Dominor Investment Holding LLP, the price range can be used for class extension, accelerating product innovation, hiring of talent, and constructing focus and visibility via logo constructing.
Anicut Angel Fund, Angel buyers along with Aditya Somani, Rashmi Daga, Founders – Fresh Menu, Mahesh Agrawal, Ankit Somani, and Sunil Goyal, Founders- Ladderup Finance, additionally participated withinside the round.
Founded in 2018 through Ujjawal Asthana and Ankita, Zymrat is an innovation-led overall performance put on the logo with generation at its center.
The business enterprise gives a huge variety of merchandise along with education and jogging t-shirts, shorts, joggers, and outerwear for men. Zymrat, via its enormous recognition of uncooked materials, has created world-elegance merchandise and IPs which are an enterprise first.
SuperSilva, Zero Odour T-Shirts with sustainable silver ions, and The Ball Cooling shorts are a number of the current improvements through the business enterprise.
Speaking approximately the investment, Ujjawal Asthana, Co-Founder & CEO, Zymrat said, “We are extraordinarily thrilled with the consider our buyers have located on us.
The activewear and athleisure marketplace have been developing exponentially in India. We are witnessing 5x extra calls for our merchandise withinside the area we function in.
Repeat fee of 40% has been our largest product marketplace validator that we’re shifting withinside the proper direction.
We are gearing as much as release 30 new SKUs throughout classes withinside the following few months.
This capital infusion will assist us in the use of progressive technology to layout and expand excessive overall performance, long-lasting and particular merchandise.”
Tushar Singh, Managing Partner, Dominor Investments Holding LLP said, “Providing clients world-elegance athletic put on, primarily based totally on slicing aspect cloth generation and galvanizing designs are the center drivers of Zymrat.
Having led rounds of investment at Zymrat, we at Dominar are very excited at helping the business enterprise in fixing the main marketplace hole in India.
As the health marketplace grows in India, so does the want for an indigenous logo from India that lets in each guy to sense excited, proud, and exceptionally snug in what he’s wearing, while breaking a sweat.”
Ashvin Chadha, Co-founder – Anicut Angel Fund said, “Innovation via generation is the following step in style and we’ve got large perception in Zymrat and their founders in making sure extraordinary activewear for the clients.
We are pleased to guide their endeavors and project of helping the dedication of each person in the direction of self-care, non-public health, and athletics via one-of-its-type engineered merchandise. My first-rate desires to crew Zymrat.”
The business enterprise has raised $250K in December 2020 from Dominor Investment Holding LLP as lead, LetsVenture Angel Fund, and different outstanding angel buyers.
Follow and connect with us on Facebook, LinkedIn & Twitter
