Zymrat secures $500K in seed round

Zymrat, a D2C performance wear brand, has raised $500,000 in seed round led by Dominor Investment Holding LLP. Anicut Angel Fund, Angel investors such as Aditya Somani, Rashmi Daga, Founders - Fresh Menu, Mahesh Agrawal, Mridumesh Rai, Business Director - Alshaya Group), Ankit Somani and Sunil Goyal, Founders- Ladderup Finance, also participated in the round.

The startup had raised $250K in December 2020 from Dominor Investment Holding LLP as lead, LetsVenture Angel Fund, and other prominent angel investors.

The fresh funds will be used for category extension, accelerating product innovation, hiring of talent and building awareness and visibility through brand building, said Zymrat in a press release.

Founded in 2018 by Ujjawal Asthana and Ankita, Zymrat offers a wide range of products such as training and running t-shirts, shorts, joggers and outerwear for men.

The startup is planning to launch 30 new SKUs over the next few months, Zymrat is challenging the status quo across multiple categories such as intensive performance, activewear and athleisure.