India, March 24 -- B2B manufacturing and supply chain enablement startup Groyyo has acquired a majority stake in New York-based online women's wear company Oussum Inc to strengthen its presence in the US B2B fashion retail market.

However, the startup neither disclosed the amount of stake it has acquired nor the value of the transaction.

In a statement, Groyyo said it will work closely with Oussum to scale the latter's private labels across online and offline channels in the US.

The startup added that its capabilities to provide sample-to-finished products with a turn around time of 30 days will help the US based fashion retailer gain edge in the fashion retail industry.

Founded in 2021 by Subin Mitra, Pratik Tiwari, and Ridam Upadhya...