Zouk, a Direct-to-Consumer (D2C) fashion brand specializing in vegan leather bags and accessories, is set to raise $10 million in its latest funding round, led by Aavishkaar Capital. The Mumbai-based company, founded by Disha Singh and Pradeep Krishnakumar, has seen rapid growth, offering handmade products that are 100% cruelty-free.
Zouk, which raised $3 million in March 2023 led by Stellaris Venture Partners, has secured backing from notable angel investors, including Vineeta Singh (Sugar Cosmetics) and Manoj Meena (Atomberg). This new round of funding, expected to value Zouk at $50 million, will be used to scale up production, expand its product range, and boost its marketing efforts.
The brand, which reported ₹47.41 crore in revenue in FY23, has become a popular name in the D2C space, focusing on sustainability and ethical fashion.
