Ziniosa Raises Funding from Inflection Point Ventures to Expand Team, Launch First Store

Ziniosa, an Indian preloved luxury fashion platform founded in 2020 by Ashri Jaiswal and Varun Ramani, has secured undisclosed funding from Inflection Point Ventures to accelerate growth. The funds will be utilized to build its core team, enhance brand visibility, expand technical capabilities, and open its first physical store. Ziniosa operates a zero-inventory acquisition cost model, which supports higher margins and reduced financial risk, offering authenticated secondhand luxury items from over 60 brands, including Louis Vuitton, Gucci, and Chanel. The platform boasts an 80% sell-through rate and a 40% year-on-year growth rate, positioning itself as India's fastest-growing organized luxury resale marketplace. IPV co-founder Mitesh Shah highlighted the growing thrifting movement in India, emphasizing its role in making luxury fashion more accessible and sustainable. The startup also partners exclusively with Tata Cliq Luxury and is incubated at NSRCEL, IIM Bangalore, aiming to expand its men's category and product catalog to meet rising demand.