Total amount raised
$49.4 Million
Latest funding date
1/1/2024
Location
Groyyo has successfully raised funds through four debt financing rounds, attracting a total of 16 investors, including Trifecta Capital Advisors and Lighthouse Canton. The company has also made a strategic acquisition of Oussum.
Keep reading to explore the intricacies of Groyyo's fundraising journey and the investors backing this innovative platform.
What Is Groyyo?
Groyyo is a B2B manufacturing and automation start-up based in Haryana, India. The company focuses on providing innovative manufacturing solutions and has successfully raised funds through multiple debt financing rounds.
Founded with a vision to revolutionize the manufacturing sector, Groyyo employs between 101-250 people. The company has also made strategic acquisitions to bolster its capabilities and market presence.
How Much Funding Has Groyyo Raised?
- Seed Round
- Amount Raised: $4,600,000
- Date: January 2022
- Lead Investors: Alpha Wave Incubation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of the company.
- Series A
- Amount Raised: $28,000,000
- Date: June 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, increase efficiency in factories, and expand their reach to international retailers.
- Debt Financing
- Amount Raised: $12,000,000
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance manufacturing capabilities and support automation technology advancements.
- Debt Financing
- Amount Raised: $5,400,000
- Date: January 2024
- Lead Investors: Lighthouse Canton, Trifecta Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand partnerships with small and medium businesses in India and scale operations in the UAE.
Groyyo has raised a total of $50,000,000 in funding. The current valuation is not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the technology sector. They have a strong track record of investing in high-growth companies worldwide.
- Investment Focus Areas: Technology, consumer internet, software, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Alpha Wave Incubation
- Details: Alpha Wave Incubation is an investment firm that provides early-stage funding to startups with high growth potential. They are known for their strategic investments in innovative companies.
- Investment Focus Areas: Technology, healthcare, consumer products, financial services.
- Notable Investments: Not publicly disclosed.
- Lighthouse Canton
- Details: Lighthouse Canton is a venture financing platform that provides both INR and USD financing to Indian startups with global ambitions. They focus on helping companies expand their operations.
- Investment Focus Areas: Financial support, expansion operations, strategic initiatives.
- Notable Investments: Not publicly disclosed.
- Trifecta Capital
- Details: Trifecta Capital specializes in providing debt funding for growth-stage companies. They aim to support companies in scaling their operations and achieving strategic goals.
- Investment Focus Areas: Debt funding, growth-stage companies, strategic initiatives.
- Notable Investments: Not publicly disclosed.
- Stride Ventures
- Details: Stride Ventures is a venture capital firm that invests in high-growth potential companies. They focus on providing strategic support and capital to help companies scale.
- Investment Focus Areas: Technology, manufacturing, consumer products, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Groyyo?
Groyyo's future looks promising as it continues to expand its operations in the UAE and strengthen partnerships with small and medium businesses in India. The company is poised to leverage its technology-driven solutions to digitize manufacturing processes and match supply with demand from both domestic and international clients. With over 350 factories and 100 brands already onboarded, the potential for growth is substantial.
As Groyyo scales its operations, future fundraising opportunities are likely to arise. The recent debt funding and previous Series A round indicate a strong financial backing, which could attract further investments to support its strategic initiatives. However, the company may face challenges such as managing operations across multiple international markets and competing with other supply chain enablement platforms.
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