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Groyyo, the B2B manufacturing technology company, has elevated Nitin Jain, its Managing Director (Exports), to the position of Co-Founder. This move marks a key milestone in the company's growth, recognising Jain’s pivotal role in shaping Groyyo's success and driving significant growth in its exports business.
Nitin Jain’s journey began at Wearwell Industries, where he was instrumental in building the company's global order book. After joining Groyyo, he spearheaded the company’s shift towards exports, expanding its presence in international markets, including the UK, EU, Australia, and South Korea.
“We are thrilled to welcome Nitin as a co-founder and integral part of Groyyo. Our exports business could not have gotten to the scale and quality it has without his painstaking effort and drive,” said Subin Mitra, Co-founder and CEO of Groyyo. “He has been pivotal in scaling our exports order book in regions like the UK and EU, bringing on-board strategic customers like Next, John Lewis, and Mango. We are confident his larger role will not only enable us to double down on these markets but also expand into newer and more exciting ones like Australia and South Korea,” Mitra added.
Reflecting on his new role, Nitin Jain expressed his enthusiasm: “We will further accelerate our exports business, enabling more SMEs to take their business global and work with some of the most marquee clients globally. Our focus will be to leverage Groyyo's design, manufacturing, and supply chain capabilities to not only go deeper within our existing clients but also form additional strategic partnerships in newer markets.”
Founded in 2021, Groyyo has experienced exponential growth, with its exports business tripling in the last two years. The company is rapidly expanding into new regions, including the US, UK, and EU, and is partnering with major fashion and lifestyle brands in these areas.
Backed by global investors such as Tiger Global and Alpha Wave Global, Groyyo also raised $5.5 million in venture debt from Trifecta Capital and Lighthouse Canton earlier this year to fuel the growth of its exports business.
