Bengaluru-based startup Ziniosa, which works in the high-growth segment of preloved luxury fashion, has raised an undisclosed amount in funding from Inflection Point Ventures (IPV), a Gurugram-based angel investment company.
The new capital will be used for fueling the company’s next level of growth—scaling its core team, expanding brand visibility, further developing its tech infrastructure, building consumer awareness, and opening its first physical store.
Founded in 2020 by engineer-entrepreneurs Ashri Jaiswal and Varun Ramani, Ziniosa allows customers to purchase and resell authenticated secondhand luxury fashion on its online platform. The firm boasts a catalog of over 10,000 pieces across seven categories and from iconic brands like Louis Vuitton, Gucci, and Chanel. They sell everything from handbags to clothing to accessories.
In a statement, co-founder Ashri Jaiswal said that the preloved movement is just beginning in India, and Ziniosa is proud to be at the forefront. She added that they’re not simply selling fashion—they’re transforming how India shops.
Operating on a zero-inventory acquisition cost model, Ziniosa minimises financial risk while maintaining healthy margins. The startup emphasises data-backed pricing and rigorous authentication processes to ensure transparency and weed out counterfeit goods.
As per the company, it has clocked a year-on-year growth rate of 40 per cent, with Rs. 15 crore (US $ 1.75 million) of inventory procured at zero cost. It also boasts exclusive partnership status in preloved fashion on Tata Cliq Luxury and is incubated at NSRCEL, the startup incubator at IIM Bangalore.
Co-founder Varun Ramani noted that with IPV’s support, they’re scaling across the board—expanding their team, opening their first store within two years, and growing both their men’s category and overall catalog to match rising demand.
