Zouk Raises strategic funding round to expand operations
17 March 2023, Mumbai
Zouk, a direct-to-customer accessories and lifestyle brand, has successfully raised $3 million in a strategic funding round led by Stellaris Venture Partners, one of its existing investors.
The funding will be utilized to expand its product range and offline operations. Zouk aims to improve its supply chain to expand its retail presence throughout India. This year, Zouk plans to open five exclusive brand outlets in India Furthermore, Zouk is investing significantly in team expansion and strengthening its supply chain. The company intends to hire personnel across all departments, including leadership and marketing roles.
Zouk launched in 2016 with Rs 20 lakh investment and a line of cruelty-free and vegan handbags. The brand has since added footwear and accessories such as wallets to its product range.
