Gurugram, December 26, 2024: Groyyo, a leading B2B manufacturing technology company, has announced the elevation of Nitin Jain, its Managing Director (Exports), to the position of Co-Founder. This strategic move recognizes Nitin’s pivotal role in driving Groyyo’s robust exports growth and strengthening its position in international markets.
Nitin Jain, who joined Groyyo at its inception, brought extensive experience from his tenure at Wearwell Industries, where he built their global order book from scratch. Since joining Groyyo, he has been instrumental in shaping the company’s exports strategy, driving its expansion across key markets, including the UK, EU, Australia, and South Korea.
“We are thrilled to welcome Nitin as a Co-Founder. His relentless effort and strategic vision have been crucial to scaling our exports business to its current level of excellence,” said Subin Mitra, Co-Founder and CEO of Groyyo. “Nitin has successfully onboarded marquee clients such as Next, John Lewis, and Mango, and his leadership will further enable us to double down on existing markets while venturing into new territories like Australia and South Korea.”
Expressing his excitement about the new role, Nitin Jain said, “Becoming a Co-Founder is an honor, and I am deeply committed to accelerating Groyyo’s exports growth. We aim to empower more SMEs to go global, leveraging Groyyo’s cutting-edge design, manufacturing, and supply chain capabilities. Our focus will be to deepen relationships with existing clients and establish strategic partnerships in emerging markets.”
Founded in 2021, Groyyo has achieved remarkable success, with its exports business tripling in size over the past two years. The company serves some of the largest fashion and lifestyle brands in regions such as the US, UK, and EU and is now setting its sights on new markets.
Groyyo’s growth has been supported by global investors, including Tiger Global and Alpha Wave Global, alongside a $5.5 million venture debt infusion earlier this year from Trifecta Capital and Lighthouse Canton. These investments have bolstered the company’s ability to scale its exports business and solidify its position as a key player in the global manufacturing ecosystem.
With Nitin’s leadership, Groyyo is poised for further expansion and innovation, empowering SMEs and catering to the growing demand from global fashion and lifestyle brands.
