Zouk to Secure $10M Funding Led by Aavishkaar Capital

• D2C fashion brand Zouk is set to raise $10M in a funding round led by Aavishkaar Capital.
• The Mumbai-based startup, known for its cruelty-free products, last raised funds over 18 months ago.
• Zouk's products, including laptop bags and wallets, are handmade by in-house artisans using 100% vegan leather.
• The company was valued at around $7M in its last financing round and is expected to be valued at $50M in this round.
• Zouk's revenue for FY23 was Rs 47.41 crore, up from Rs 21.82 crore in FY22.

Source: Entrackr