Groyyo announces Abhishek Srivastava as Chief Technology Officer
- ByStartupStory | January 18, 2023
Abhishek Srivastava, previous Co-founder & CTO ThreadSol, has been named as Groyyo’s new Chief Technology Officer. Groyyo is Asia’s premier manufacturer-first, cross-border supply chain enabling business in Fashion and Lifestyle. In order to accomplish its aim to digitally change over 20 million SME Manufacturers throughout Asia, Groyyo will transform its technology team under his guidance and continue to build out its tech stack. Over the next 12 to 18 months, Groyyo will make major investments in technology, planning to spend $5 million.
Nearly 20 years of experience in technology and manufacturing are brought by Abhishek.
Abhishek and his team digitized more than 250 enterprise manufacturers around Asia by building ThreadSol from the ground up. Renowned investors including Blume Ventures, Rajan Anandan (MD of Sequioa), and Narayana Murthy supported the startup.
The SaaS solution exceeded INR 100 Cr.+ ARR Pre-Acquisition and offered a complete factory management solution. Coats PLC (Valued at $1.5 Billion) UK paid $13 Million in cash to buy the startup. His first significant exit from the apparel technology market occurred here. Abhishek has designed and led teams that have created specialized B2B products, from digitizing the production floor to managing customers.
Subin Mitra, Co-founder & CEO, Groyyo, said, “The opportunity to bring technology to millions of SME Manufacturers across Asia has always been core to our vision at Groyyo. As we continue growing, having scaled 10x in the last 12 months, we are very excited to strengthen our leadership team with the appointment of Abhishek as our new CTO. His vast experience founding and scaling pioneering Manufacturing SaaS solutions across Asia will certainly aid our mission.”
Abhishek Srivastava, CTO, Groyyo,added, “The skills and expertise I acquired while building SAAS for the factory floor in Threadsol to help manufacturers digitise their operations has been my passion for the last decade., Groyyo gives me an opportunity to be a part of this rocketship and take it to new heights while also building one more industry leading tech product.”
The first manufacturer-first automation platform in the world, Groyyo connects millions of manufacturing MSMEs to a single platform and supports their company growth. Subin Mitra, Pratik Tiwari, and Ridam Upadhyay founded Groyyo in July 2021 with the goal of bringing first-class technology to the underutilized small-scale companies in Gurgaon through an order management software.
Follow Startup Story
Related Posts
