Zouk (Sea Turtle Private Limited) has raised $10 million from a Series B fundraise led by Aavishkaar India Fund VI, and saw participation from Stellaris Venture Partners India Trust II, JJ Family Office LLP, Sharrp Ventures Capital Private Limited, and Titan Capital Winners Fund I.
Shardul Amarchand Mangaldas & Co advised lead investor Aavishkaar Capital on this fundraise.
The transaction team consisted of Sarika Raichur (Partner), Akshaya Srinivasan (Principal Associate) and Sai Dharshini (Senior Associate).
Aarambh Legal advised Sea Turtle on the legal aspects of the fundraise.
Kaizen Law advised investor Titan Capital Winners Fund I on the fundraise.
The funds will be used by Zouk for expanding the network of exclusive brand outlets, strengthening marketing and supply chain capabilities, and investing in talent recruitment. The brand currently has four exclusive brand outlets and is targeting a total of 75 outlets in the next two to three years.
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