Funding · Commerce & Consumer Brands

Zouk raises Rs 60 crore in pre-series C round

What they do

Zouk sells handbags and wallets through direct-to-consumer channels

Aavishkaar Capital and Stellaris Venture Partners led the Rs 60 crore investment

FY25 revenue grew 60.7% to Rs 125 crore despite a net loss

Zouk announced a pre-Series C funding round of Rs 60 crore ($6.3 million).
Aavishkaar Capital and Stellaris Venture Partners each invested Rs 25 crore as lead investors.
Sharrp Ventures contributed Rs 10 crore to the funding round.
Mihir Gadani invested the remaining amount in the transaction.
The company issued 2,468 CCCPS at an issue price of Rs 2,44,950 per share.
This issuance raised a total of Rs 60.45 crore for the business.
Zouk plans to use the funds for business expansion and working capital.
The estimated valuation after this round is approximately Rs 610 crore.

Stellaris Venture Partners holds a 27.96% stake making it the largest external shareholder.
Aavishkaar Capital owns 15.97% of the company following this investment.
Sharrp Ventures now holds a 3.64% stake in Zouk.
Prior total raised was $14.5 million across multiple earlier rounds.

Zouk operates as a D2C lifestyle and fashion accessories brand.
The company sells products including handbags, tote bags, and sling bags.
It also offers wallets and laptop bags to its customers.
FY25 revenue reached Rs 125 crore showing 60.7% YoY growth.
The business reported a net loss of Rs 19 crore in FY25.
FY26 financial results have not yet been filed publicly.

Aavishkaar Capital (lead) — Invested Rs 25 crore and holds 15.97% stake.
Stellaris Venture Partners (lead) — Invested Rs 25 crore and holds 27.96% stake.
Sharrp Ventures (participated) — Invested Rs 10 crore and holds 3.64% stake.