02 June, Mumbai 2025
A pre-owned luxury fashion platform, Bengaluru-based Ziniosa has secured fresh investment from Inflection Point Ventures (IPV) to fuel its next phase of expansion. The funding will be used to boost the platform’s core team, boost brand visibility, enhance its technical capabilities, and launch the company's first brick-and-mortar store.
Mitesh Shah, Co-founder, Inflection Point Ventures, says, the investment will help make luxury fashion more accessible and affordable while promoting sustainable and mindful consumption.
Founded in 2020 by Ashri Jaiswal and Varun Ramani, Ziniosa allows customers to buy and sell authenticated secondhand luxury items. Its platform features over 10,000 products from 60 brands, including Louis Vuitton, Gucci, and Chanel. Headquartered in Bengaluru, the company operates on a zero-inventory acquisition cost model and boasts CM1 profitability with minimal cash burn.
Varun Ramani Founder, states, the platform is poised to expand across fronts with support from IPV. It is also growing its menswear category and expanding product catalog to meet rising demand.
Having an exclusive partnership with Tata CLiQ Luxury for pre-loved fashion, Ziniosa is incubated by NSRCEL at IIM Bangalore and NASSCOM/CWE. The business currently reports a 40 per cent Y-o-Y growth rate.
