Zouk Set to Raise Pre-Series C Round Led by Stellaris, Aavishkaar Capital

Mumbai-based lifestyle and fashion accessories brand Zouk is set to raise about INR 60 crore in a pre-Series C funding round led by existing investors Stellaris Venture Partners and Aavishkaar Capital, according to Entrackr media reports. The round also saw participation from Sharrp Ventures and Mihir Gadani.

As per regulatory filings, the company will issue 2,468 compulsory convertible cumulative preference shares at an issue price of INR 2,44,950 each to raise approximately INR 60.45 crore. Stellaris Venture Partners and Aavishkaar Capital are investing INR 25 crore each, while Sharrp Ventures will contribute INR 10 crore. The remaining amount will come from existing investor Mihir Gadani.

The proceeds from the round are expected to be used for business expansion, working capital requirements, and general corporate purposes, the filings showed.

Post this transaction, Stellaris Venture Partners continues to be the largest external shareholder in the company with a 27.96% stake, followed by Aavishkaar Capital with 15.97%. Sharrp Ventures holds 3.64% of the company’s shareholding.

Zouk has previously raised around USD 14.5 million across multiple funding rounds. This includes a USD 10 million Series B round led by Aavishkaar Capital in October 2024 and a USD 3 million Series A round in March 2023.

Founded in 2016 by Disha Singh and Pradeep Krishnakumar, Zouk is a direct-to-consumer lifestyle brand that sells fashion accessories such as handbags, tote bags, sling bags, wallets, and laptop bags.

For the financial year ended March 2025, Zouk reported a 60.7% year-on-year rise in revenue to INR 125 crore. However, the company also reported losses of INR 19 crore during the same period. It is yet to file its FY26 financial results.