Zouk eyes Rs 100 cr revenue by FY23
Homegrown vegan lifestyle brand Zouk on Thursday said it aims to hit an annualised revenue of Rs 100 crore by FY23, and expand to overseas markets like the US, Canada, Europe, and the Middle East.The company has recently raised Rs 11.75 crore USD 1.5 million in pre-series A funding led by Stellaris Venture Partners, along with participation by the founders of Wow Skin Science.Existing investors Titan Capital also participated in the round.
The company has recently raised Rs 11.75 crore (USD 1.5 million) in pre-series A funding led by Stellaris Venture Partners, along with participation by the founders of Wow Skin Science.
Existing investors Titan Capital also participated in the round. The funds will aid Zouk's expansion in India and new global markets, strengthening its supply chain and distribution channels, and extending its product line.
Zouk raised its seed capital earlier this year from Titan Capital, founders of Beardo and Mamaearth.
The company has garnered over 50,000 customers with a 4x growth in the last seven months, and now aims to double its consumer base every six months for the next five years.
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