Mumbai,India/Dubai,United Arab Emirates–31st January 2023: Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has joined hands with Mumbai-based business-to-business (B2B) supply chain enablement startup Groyyo. The partnership seeks to transform B2B manufacturing & sourcing processes with cutting-edge and innovative technologies.
Groyyo is Asia’s leading B2B manufacturing growth platform with a vision to empower the 20 million micro-manufacturers and give them an opportunity to take their business global. The start-up now seeks to expand its footprint to the UAE and the Middle East region, leveraging from the fast rate of technology adoption and retail market growth there. Groyyo aims to clock $50M in revenue from the Middle East in the next 12 months with the private office’s support.
Groyyo was started in 2021 by Subin Mitra, Pratik Tiwari, and Ridam Upadhyay, with the aim to empower and upgrade manufacturing and automation services with technologies like artificial intelligence, innovation, standardization, and industry guidance.
The association aims to provide Groyyo with the right guidance to reach out to and work with a wider range of clients, access top decision-makers in the government and the private sectors, and contribute to adding the latest technological innovations in the region.
Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, said, “Automation and manufacturing form an important segment of economies in the Middle East. With its innovation-centric approach, Groyyo is poised to bring about revolutionary changes in the manufacturing industry, thereby giving a chance to hundreds of businesses in the region to improve their bottom lines and succeed in a highly competitive world. We look forward to working with Groyyo.”
Subin Mitra, Co-founder & CEO of Groyyo, said, “The Middle East being one of the fastest growing retail markets globally is of key strategic focus to Groyyo’s growth plans. This partnership with Seed Group will help us expand in the region and dominate this market in the coming months.”
Seed Group is a notable force in the technology, healthcare, hospitality, and telecommunications landscapes in the Middle East. Over the past 20 years, it has formed successful strategic alliances with leading global companies representing diverse regions to accelerate sustainable market entry and presence within the Gulf Cooperation Council countries.
About Groyyo
B2B supply chain enablement company Groyyo has so far raised $45 million in capital from marquee investors including Alpha Wave Incubation (Backed by Abu Dhabi’s ADQ) & Tiger Global. The company is currently working with 500+ Manufacturers & 100+ Fashion brands with operations across 10+ countries and a team of 150+ across the region. Touching $200M in Annualised Volume as of Q3 – the company has grown 200% every Qtr while achieving EBITDA positivity. The Middle east accounts for 20%+ of the company’s revenue and is hence of key strategic focus.
About Seed Group
Over the past 20 years, Seed Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East and North Africa region through the support and strong base of regional connections of the Seed Group. The Group’s goal is to create mutually beneficial partnerships with multinational organizations and to accelerate their sustainable market entry and presence within the MENA region. Seed Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet the Private Office’s criteria. For more information, visit www.seedgroup.com.