Zymrat raises $500,000 in seed funding from Dominor Investment, others

By

Maverick Martins

Published
Jan 21, 2022

Zymrat, an innovation-led performance wear brand, has raised $500,000 (Rs 3.5 crore) in seed funding led by Dominor Investment Holding LLP.
 

Anicut Angel Fund, angel investors such as Aditya Somani, Rashmi Daga, Mahesh Agrawal, Mridumesh Rai, Ankit Somani and Sunil Goyal also participated in the funding round.
 
The brand will utilise the funds for category extension, accelerating product innovation, hiring talent, and building awareness through brand building.

Commenting on the funding, Ujjawal Asthana, co-founder and CEO at Zymrat in a statement said, “We are witnessing 5x more demand for our products in the space we operate in. Repeat rate of 40 percent has been our biggest product market validator that we are moving in the right direction. This capital infusion will help us in using revolutionary technologies to design and develop high performance, durable and unique products.”
 
Tushar Singh, managing partner at Dominor Investments Holding LLP added, “Providing customers world-class athletic wear, based on cutting edge fabric technology and inspiring designs are the core drivers of Zymrat. Having led two rounds of funding at Zymrat, we at  Dominar are very excited at supporting the company in solving a major market gap in India."
 
Founded in 2018 by Ujjawal Asthana and Ankita, Zymrat is an innovation-led performance wear brand that offers a wide range of products such as training and running t-shirts, shorts, joggers, and outerwear for men.