Fashion trade platform Reevoy secures Rs. 48 crores in funding from Kilde

• ByStartupStory     |    October 19, 2022

Reevoy, a fashion trade platform, secured loan capital of Rs 48 crore from Singapore-based private debt investment firm Kilde in a fresh capital raise. The resources will be used to improve and grow the company’s activities.

Reevoy, founded by Ankur Khetan, Ishan Dadhich, and Mohit Agarwal, assists importers in sourcing fashion and home décor items from Indian exporters while also providing financing to fund transactions. The company presently works with over ten merchants worldwide and over 80 manufacturers in India and Bangladesh.

Speaking about the development, Radek Jezbera, Co-founder and CEO at Kilde, said, “Since its inception, Reevoy has been creating strides in the ecosystem through its offerings, such as low-cost capital to manufacturers to help minimize risks owing to control over the process. This has helped them attract key players across the ecosystem, and we are dedicated to their vision of streamlining the global fashion and home decor ecosystem.”

Reevoy received $4 million in seed investment earlier this year from 9Unicorns and Venture Catalysts. The fundraising round was also attended by Better Capital, Earlsfield Capital Partners, Cred Founder Kunal Shah, Anupam Mittal, and Ketan Patel (Founder of People Group and CEO of Mswipe Technologies).

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