D2C brand Zouk raises $1.5 million in pre-series A round

  • The fund infusion will help Zouk expand its presence in India and new global markets, strengthening its supply chain and distribution channels and extending its product line

Livemint
Published21 Jul 2021, 03:10 PM IST
Earlier this year, Zouk raised its seed capital from Titan Capital, founders of Beardo and Mamaearth.
Earlier this year, Zouk raised its seed capital from Titan Capital, founders of Beardo and Mamaearth.(Photo: Reuters)

Bengaluru: Direct-to-consumer (D2C) lifestyle brand, Zou on Wednesday said it has raised $1.5 million (or 11.75 crore) as part of its pre-series A round led by Stellaris Venture Partners.

The round also saw participation by founders of Wow Skin Science, and existing investors Titan Capital.

According to the company, the fund infusion will help Zouk expand its presence in India and new global markets, strengthening its supply chain and distribution channels and extending its product line.

Earlier this year, Zouk raised its seed capital from Titan Capital, founders of Beardo and Mamaearth.

“In Stellaris, we have found the right partner, who can guide us to become an iconic brand in the coming years. We are excited that Rahul Chowdhri, Partner at Stellaris, will join our board. His vast experience of guiding multiple companies from their early stages to massive size and lucrative exits will be a big plus for us. Our first milestone is to scale Zouk to a 100 crore brand in the next couple of years,” said Disha Singh, co-founder and chief executive officer (CEO) Zouk.

Zouk’s product portfolio includes laptop bags, tote handbags, slings and chain wallets made from vegan leather, which is sourced and manufactured in India.

The brand currently has over 50,000 customers and plans to grow to double this base in the next six months.

Zouk plans to now take its products to international products of US, Canada, Europe, and the Middle East while extending its range of products.

“The Indian D2C market is at its prime today; consumers have undergone a mindset shift in choosing to go online for their shopping needs and covid-19 has further accelerated this behavior. There’s never been a better time to build new-age consumer brands in and from India. E-commerce marketplaces and social media platforms provide a level-playing field for challenger brands like Zouk to compete with incumbent brands, and carve their own niche”, said Rahul Chowdhri, partner, Stellaris Venture Partners,

In the past, Stellaris has backed startups including Mamaearth, Whatfix, mFine, Vogo and Shop101.

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:21 Jul 2021, 03:10 PM IST
Business NewsCompaniesStart-upsD2C brand Zouk raises $1.5 million in pre-series A round

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    149.70
    07:18 PM | 1 NOV 2024
    1.05 (0.71%)

    Indian Oil Corporation share price

    145.00
    07:19 PM | 1 NOV 2024
    2.3 (1.61%)

    Tata Power share price

    445.20
    07:19 PM | 1 NOV 2024
    5.15 (1.17%)

    Bandhan Bank share price

    183.65
    07:10 PM | 1 NOV 2024
    1.4 (0.77%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Rainbow Childrens Medicare share price

    1,545.00
    06:59 PM | 1 NOV 2024
    -67.25 (-4.17%)

    ICICI Securities share price

    833.45
    06:59 PM | 1 NOV 2024
    -32.85 (-3.79%)

    Vijaya Diagnostic Centre share price

    966.70
    06:59 PM | 1 NOV 2024
    -30.35 (-3.04%)

    Narayana Hrudayalaya share price

    1,235.60
    06:59 PM | 1 NOV 2024
    -36.75 (-2.89%)
    More from Top Losers

    Brigade Enterprises share price

    1,244.80
    07:19 PM | 1 NOV 2024
    71.75 (6.12%)

    PCBL share price

    432.15
    07:17 PM | 1 NOV 2024
    21.35 (5.2%)

    Piramal Pharma share price

    281.85
    07:17 PM | 1 NOV 2024
    13.45 (5.01%)

    Jubilant Pharmova share price

    1,273.00
    06:59 PM | 1 NOV 2024
    60.65 (5%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      80,565.00-790.00
      Chennai
      80,571.00-790.00
      Delhi
      80,723.00-790.00
      Kolkata
      80,575.00-790.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L-0.06
      Chennai
      101.23/L0.43
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts