Groyyo promotes Nitin Jain to Co-founder role

B2B manufacturing technology company Groyyo has announced the promotion of Nitin Jain to the role of Co-Founder, marking a new phase in the company's growth journey.

Groyyo highlighted Nitin Jain's pivotal role in enhancing its exports division, attributing the robust growth in international markets to his leadership as the Managing Director (Exports). Before joining Groyyo, Jain contributed significantly to the sales and marketing efforts at Wearwell Industries, where he developed the company's global order book.

Jain's impact has been evident in the expansion of Groyyo's business into markets such as the UK, EU, Australia, and South Korea. This elevation reflects his integral contributions to the company's success. "We are thrilled to welcome Nitin as a co-founder and integral part of Groyyo. Our exports business could not have gotten to the scale & quality it has without his painstaking effort & drive," said Subin Mitra, Co-founder & CEO of Groyyo.

Mitra acknowledged Jain's efforts in scaling the company's exports order book, highlighting the acquisition of strategic customers such as Next, John Lewis, and Mango. "He has been pivotal in scaling our exports order book in regions like the UK & EU, bringing on-board strategic customers like Next, John Lewis & Mango. We are confident his larger role will not only enable us to double down on these markets but also expand into newer & more exciting ones like Australia & South Korea," Mitra added.

Expressing his enthusiasm for his new role, Jain noted his commitment to advancing Groyyo's exports strategy and growth. "We will further accelerate our exports business enabling more & more SMEs to take their business global and work with some of the most marquee clients globally. Our focus will be to leverage Groyyo's Design, Manufacturing & Supply chain capabilities to not only go deeper within our existing clients but also form additional strategic partnerships in newer markets," he said.

Since its inception in 2021, Groyyo has witnessed its exports business triple in growth over the past two years. The company has rapidly expanded into new markets such as the US, UK, and EU, serving some of the largest fashion and lifestyle brands in these regions.

Groyyo is supported by global investors, including Tiger Global and Alpha Wave Global. Earlier this year, the company secured USD $5.5 million in venture debt from Trifecta Capital and Lighthouse Canton to support its exports business.