COMPANY INTELLIGENCE PROFILE
GROYYO PRIVATE LIMITED
Groyyo is a Mumbai-headquartered B2B manufacturing/supply-chain-enablement and automation platform for the apparel and fashion industry.
Groyyo, an active DPIIT-recognized startup, is a Mumbai-based B2B platform providing supply chain and automation solutions for the apparel and fashion industry. Founded less than five years ago, Groyyo aids brands in sourcing, design, costing, and logistics. Despite a ~13% revenue decline to ₹446.07 crore in FY2023-24, the company secured multiple funding rounds, including a $40 million Series A led by Tiger Global, to fuel its growth and international expansion.
AI-generated, may contain errors.
Business Overview
- Groyyo is a Mumbai-headquartered B2B manufacturing/supply-chain-enablement and automation platform for the apparel and fashion industry.
- It provides software and services to fashion brands and manufacturers covering apparel sourcing, product design, costing, supplier discovery/management and logistics, aiming to digitize and streamline garment manufacturing supply chains across South Asia. [Economic Times
- Inc42 — via aggregated news snippets] Status: partial, characterization drawn from multiple news outlets' descriptions rather than the company's own about-page, which could not be fetched with substantive text.
Sector & Classification
Business Services — Wholesale trading / integrated supply-chain management services / other support services to organizations (NIC 74999-class, "other professional, scientific and technical activities n.e.c."). TheCompanyCheck separately tags it under "E-Commerce – General E-Commerce Platforms." [Tofler; TheCompanyCheck]
Directors & Key Management
Directors — source notes
Confirmed by 2 sources (Tofler, TheCompanyCheck): - Subin Kumar Mitra — Managing Director — DIN 09229105 — appointed 06 Jul 2021 - Pratik Tiwari — Director — DIN 08500982 — appointed 06 Jul 2021 Last AGM: 30 December 2024. No other directors/DIN changes found in available sources.
GST Registrations
Primary GSTIN (single source only, NOT independently corroborated — reported as partial): 27AAJCG1210C1Z (Maharashtra, state code 27), derived from PAN AAJCG1210C [Bing-indexed snippet, page-title format consistent with knowyourgst.com; could not directly load knowyourgst/mastersindia/findgst pages to confirm status/registration date — those returned 404/500]. PAN: AAJCG1210C (confirmed, 2 sources). Home state: Maharashtra (inferred from GSTIN state code, unconfirmed independently). Number of registrations / per-state status: not obtained (GST compliance detail is behind TheCompanyCheck's premium/locked report).
Financials
GROYYO PRIVATE LIMITED reported standalone revenue of ₹446.07 Cr for FY2023-24, marking a ~13% decline YoY. Net worth decreased by ~30.29%, while borrowings and total assets fell by ~21.45% and ~27.06% respectively.
AI-generated, may contain errors.
| FY2023-24, year ended 31 Mar 2024, standalone RoC-filed figures: | |
| Revenue | ₹446.07 Cr, down ~13% YoY [TheCompanyCheck] — consistent with Tofler's coarser "₹100-500 Cr" revenue band and reported "-13.43%" revenue change. |
| Net worth | down ~30.29% YoY [Tofler], absolute ₹ figure not obtained — locked behind premium report |
| Borrowings | down ~21.45% YoY [Tofler]; Total assets down ~27.06% YoY [Tofler] |
| EBITDA, PAT, absolute net worth | not obtained, locked/premium on both sources |
| Auditor | Walker Chandiok & Co LLP [TheCompanyCheck] |
| Standalone vs consolidated | appears to be standalone/RoC entity-level filing; no consolidated group financials were found. |
Funding History
- Well corroborated across multiple independent named outlets:
- Seed: $4.6 Mn (~₹34 Cr), ~03 Jan 2022, led by Alpha Wave Incubation
- Early backers Sparrow Capital and venture-debt fund Stride. [Economic Times
- Moneycontrol
- Business Standard
- Inc42
- Business Line
- Times of India]
- Series A: $40 Mn (~₹308-310 Cr), ~2022, led by Tiger Global, with Alpha Wave participating
- Combined equity + debt, raised in under a year of inception. [Business Line
- YourStory
- Entrackr
- NDTV Profit
- Business Standard
- VCCircle]
- Debt round: ₹40 Cr (~$5.4 Mn), ~2024, from Lighthouse Canton and Trifecta Capital, for UAE/global expansion. [single aggregated news snippet — partial, not independently re-confirmed]
- Series B (ongoing): total round size ₹200 Cr (~$20.8 Mn); a ₹90 Cr (~$9.3 Mn) tranche closed ~July 2026, led by Cornerstone Ventures. [Economic Times (via MSN); Inc42]
- Use Tracxn only for round-name cross-checks if needed — not separately queried here.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| Axis Bank Limited | ₹12 Cr | HSBC |
| Jana Small Finance Bank Limited | ₹34.3 Cr | Axis Trustee Services Limited ₹20 |
| Axis Bank Limited | ₹12.0 Cr | HSBC ₹7 |
| Catalyst Trusteeship Limited | ₹8.0 Cr | |
| Axis Bank | ₹12 Cr | and HSBC ₹7 |
- Open charges, per TheCompanyCheck: ₹28 Cr satisfied. Lenders — 26 Cr
- Per Tofler, different charge-level breakdown, same filing base: 0 Cr, 5 Cr
- Corroborated: 5 Cr agree exactly across both sources
- The remaining break-out differs, aggregation vs charge-holder-level detail, — reported as partial/reconcile-with-caution given the source discrepancy in "Others" vs named trustees.
Legal & Compliance
- Confirmed via Indian Kanoon: Ridam Upadhyay vs. Groyyo Private Limited — Bombay High Court, Arbitration Petition (Lodging) No. 11387 of 2023, before Justice Bharati Dangre
- Entries dated 30 June 2023 and 11 July 2023 correspond to interim/procedural orders in the same arbitration petition. No other litigation found.
Competitive Landscape
- Partial / analyst-informed, not directly source-confirmed as named "competitors" in any single article — treat as sector peers, not a sourced competitive-set claim: Zetwerk, large-scale, multi-sector B2B manufacturing marketplace, much larger scale/higher funding, Fashinza, closest direct peer — B2B apparel manufacturing/sourcing platform, similar stage, Zyod, apparel/textile B2B sourcing platform, Bombay Shirt Company, adjacent, more D2C/made-to-measure than pure B2B platform, Moglix, broader B2B industrial/manufacturing procurement, larger scale, different vertical focus.
Frequently Asked Questions
What does Groyyo do?
Groyyo is a B2B manufacturing and supply-chain enablement platform headquartered in Mumbai. It focuses on the apparel and fashion industry, providing software and services for apparel sourcing, product design, costing, supplier discovery and management, and logistics to digitize and streamline garment manufacturing supply chains across South Asia.
What is Groyyo's Corporate Identification Number (CIN)?
Groyyo's Corporate Identification Number (CIN) is U74999MH2021PTC363392.
What is Groyyo's GSTIN?
The primary GSTIN for Groyyo is reported as 27AAJCG1210C1Z in Maharashtra. This information is derived from a single source and has not been independently corroborated.
When was Groyyo incorporated?
Groyyo was incorporated in the year 2021.
Where is Groyyo's registered office located?
Groyyo's registered office is located at 64-B, 6th Floor, Mittal Tower, Nariman Point, Mumbai, Maharashtra 400021, India.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.