Zouk Set to Raise $10 Million Led by Aavishkaar Capital

Zouk, a D2C fashion brand, is in discussions to secure $10 million in funding led by Aavishkaar Capital. This comes after an 18-month gap since its last funding round. Founded in 2015, Zouk specializes in cruelty-free, vegan leather products. The funding aims to support its growth trajectory and increase its valuation to around $50 million. The brand's financials showed a rise in revenue but also a widening loss, highlighting the challenges faced by emerging startups.