A manufacturer-first automation platform, Groyyo has received $5.4 Million in Debt Funding round From Lighthouse Canton and Trifecta Capital. In order to help Groyyo expand its activities in the UAE, Lighthouse Canton has also contributed a financing facility to this round.
Read also – Sahaj Gaming Secures Pre-Seed Funding led by Antler India
The funding will allow Groyyo to expand its footprint in the United Arab Emirates and to build relationships with more small and medium-sized businesses to assist them in going global.
Read also – Flowdesk Raises $50m Series B Funding
Subin Mitra, Co-founder and CEO of Groyyo, said, “This infusion of incremental capital will enable us to further fuel our goal of empowering SME manufacturers across South Asia to take their business global and digitize their shop-floor through our in-house technology solutions. This also lies strongly in sync with Govt. of India’s Make in India mission; as we work tirelessly to bring more and more international demand to the subcontinent.”
Read also – Singtel adds Starlink Connectivity to its Maritime Portfolio of Services
Ankit Agarwal, Director (Venture Debt) at Lighthouse Canton, emphasized the partnership’s significance, saying, “Lighthouse Canton today is the only institution capable of providing INR and USD financing to Indian startups with global ambitions and we hope our partnership will help in Groyyo’s mission to reshape manufacturing and democratize supply chains across key apparel hubs in the world.”
Read also – Linkko Raises Undisclosed Funding led by Web3 Media Ventures
About Groyyo
Founded in July 2021 by Subin Mitra, Pratik Tiwari, and Ridam Upadhyay, Asia’s leading B2B Manufacturing Growth Platform, Groyyo is transforming the manufacturing sector with AI, technology, innovation, standardization and industry experts’ guidance. Groyyo’s vision is to empower the 20 million+ micro-manufacturers across Asia and give them an opportunity to take their business global.
Read also – UAE-based G42 Announced Investment in Analog
