Ziniosa, a Bengaluru-based preloved luxury fashion platform, has secured an undisclosed amount in funding from Inflection Point Ventures (IPV).
The funding will be utilized to boost growth by expanding the team, increasing consumer awareness, enhancing technical capabilities, and opening a physical store.
Ziniosa, founded in 2020 by Ashri Jaiswal and Varun Ramani, operates an online platform for secondhand luxury fashion items and has seen a YoY growth rate of 40%.
The startup operates on a zero-inventory acquisition cost model, focuses on authenticity, and aims to expand its product offerings to meet the growing demand in the luxury resale market.