Ziniosa, a Bengaluru-based luxury fashion platform, has raised an undisclosed amount of funding from Inflection Point Ventures (IPV), an angel investing platform.
The funds raised will be used to expand its core team, increase consumer awareness, expand brand exposure, enhance technical capabilities, and open a physical store.
Founded in 2020 by Ashri Jaiswal and Varun Ramani, Ziniosa is a platform for secondhand luxury fashion, enabling consumers to buy and sell authenticated preloved fashion items with ease.
The startup operates on a zero-inventory acquisition cost model, resulting in higher margins and reduced financial risk. Its price protocols are data-backed, ensuring transparency, and its strict authentication system helps eliminate counterfeits, enhancing buyer trust and reinforcing its category leadership.
The platform hosts over 10,000 products across seven categories, including high-end brands like Louis Vuitton, Gucci, and Chanel. Ziniosa is the only exclusive partner for preloved fashion on Tata Cliq Luxury.
With a YoY growth rate of 40%, it currently has ₹15 crore worth of inventory entirely sourced at zero cost. Its platform boasts over 30,000 products and a database of 60+ brands while maintaining CM1 profitability with minimal burn.
Mitesh Shah, Co-Founder, Inflection Point Ventures, said, “The thrifting movement is gaining a lot of popularity in India. It makes luxury fashion more accessible and affordable along with driving sustainable and mindful consumption. We’re very excited to be a part of this along with Ziniosa and be able to offer high-end, quality fashion items to a growing market in India.”
Ashri Jaiswal, Co-founder, Ziniosa, said, “The preloved movement is just getting started—and at Ziniosa, we’re proud to be leading it as India’s fastest-growing, organised platform for luxury resale. We’re not just selling fashion; we’re changing how India shops.”
Varun Ramani, Co-founder, Ziniosa, said, “With the support from IPV, we’re gearing up to scale Ziniosa across all fronts—expanding our team, strengthening our tech, and opening our first store within the next two years. We’re also growing our men’s category and significantly expanding our product catalogue to meet rising demand.”
