Funding Alert
Zouk Raises $1.5M From Stellaris Venture Partners, Titan Capitals And Others
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ByAyushi Ray | July 21, 2021
Mumbai based D2C lifestyle brand Zouk raises $1.5M from Stellaris Venture Partners, Titan Capitals and others. Positioning itself as a 100 percent PeTA-approved vegan lifestyle brand for bags, wallets, and accessories, Zouk aims to utilise this funding in expanding its presence in India and new global markets like the US, Canada, Europe, and the Middle East, in addition to expanding its team in India. “D2C is a massive opportunity. We need to break it down to tier-geography. Hit one geography first, make a playbook for ourselves, and then expand to different geographies. The geographies we are targeting now, we have already done bespoke orders and have been testing waters there. Our first milestone is to scale Zouk to a 100 crore brand in the next couple of years. We then want to chart the path to hitting Rs 1,000 crore in the next few years,” says Disha Singh, founder of Zouk.
Zouk is also looking to strengthen its supply chain and distribution channels, and extend its product line to offer contemporary products, thereby building the category, and encouraging market acceptance of a cruelty-free lifestyle. In January 2021, Zouk raised seed capital from Titan Capital, Beardo Founders Ashutosh Valani and Priyank Shah, and Mamaearth Founders Ghazal Alagh and Varun Alagh. Zouk was founded in 2016. They have gained over 50,000+ customers, and have grown four times as well in the last seven months, Zouk aims to double its consumer base every six months for the next five years.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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