Groyyo raises Rs 90 Cr in first close of Series B round led by Cornerstone Ventures

AI-driven fashion supply chain platform Groyyo has raised Rs 90 crore in the first close of its Rs 200 crore Series B funding round led by Cornerstone Ventures, with participation from existing investors. The fresh capital will be used to strengthen the company's artificial intelligence capabilities, expand its manufacturing network and accelerate its global expansion as it looks to digitise apparel sourcing and production, Groyyo said in a statement. The Gurugram-based startup, founded in 2021