Fashinza, an AI-driven B2B Marketplace for Fashion Supply Chains, Raises $30 Mn Funding from Mars Growth Capital and Liquidity Group

Fashinza, an AI-driven B2B marketplace for global fashion supply chains, today announced that it has secured $30 million working capital funding from Mars Growth Capital and Liquidity Group. Liquidity Group is a pioneering technology firm that has become the industry’s fastest-growing lender to mid-market, late-stage companies globally by automating the entire debt lending cycle. The funding will fuel Fashinza’s ongoing transition into a global business with significant operations in the USA, Gulf, and Europe.

Fashion is constantly evolving, but never more than now in the age of Tiktok and Instagram, influencing fashion choices on a global scale instantly. To stay ahead of the curve, fashion brands must be very agile and have highly efficient supply chain management. This is impossible if they rely solely on large-scale manufacturers as in the past. Fashinza provides an innovative solution for this problem by connecting SMEs directly to top fashion brands across the world. By creating an online platform that allows both buyers and sellers to connect seamlessly, Fashinza is revolutionizing the way fashion works in today's high-speed digital age.

"Fashinza is transforming the global fashion supply chain. Their performance since inception, the strength of their founding team, and their existing global network of manufacturers and customers gave us enough confidence in their ability to scale this business and sustain in the medium- to long-term," remarked Navas Ebin, Managing Director of APAC for Mars Growth Capital and Liquidity Group.

"As we focus on expanding our presence in international markets, including the USA, we are excited to partner with Liquidity Group to support our growth and to bring our innovative manufacturing solutions to a global audience," said Abhishek Sharma, Co-Founder and COO of Fashinza. “With their flexible cross-border financing solutions and extensive knowledge of navigating international markets, we are confident that we can successfully penetrate new markets and provide our manufacturing solutions to key clients worldwide. At the same time, we remain committed to delivering exceptional service to our key customers in the USA and beyond, as we continue to revolutionize the fashion manufacturing industry,” Abhishek Sharma added.

Fashinza will use the capital to meet its growing international working capital requirements. "Our capital is non-asset based and will hence support Fashinza to grow their business internationally in the most capital-efficient manner," said Navas Ebin.

“Fashinza is a promising pre-unicorn with global aspirations. Mars Growth Capital and Liquidity Group have been supporting companies like Fashinza to transition into becoming truly global businesses, and the prospects for a long-term partnership with the company are exciting," added Nir Shmueli, Investment Manager at Mars Growth Capital and Liquidity Group.

About Liquidity Group

Founded in 2018, Liquidity Group is a pioneering technology firm that has become the industry’s fastest-growing lender to mid-market, late-stage companies by automating the entire debt lending cycle. The firm’s patented machine learning and decision science technology enabled the firm to deploy more capital through more deals faster than any firm in capital markets history. Backed by top financial institutions, including Apollo and MUFG, Liquidity Group provides growth capital through funds focused on the US, Asia-Pacific, Europe, and the Middle East. Liquidity Group’s subsidiary fund, Singapore-based Mars Growth Capital, and its partner MUFG jointly handle the company’s South East Asia activity.

About Fashinza

Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as four weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. Fashinza has a roster of over 250 factories that currently serves 200+ brands across five countries, including the United States, Canada, UAE, UK & India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma and Jamil Ahmad.

Fashinza is Debuting AI and Tech-based Supply Chain Solutions at Las Vegas' Magic Fashion Trade Show 2022

• Fashinza to showcase tech-based smart apparel manufacturing solutions to help brands and manufacturers work together through a unique digitized supply chain powered by AI and technology
• Fashinza’s smart design-to-delivery platform solves most major manufacturing problems for global brands and retailers
• Platform provide cost savings through improvement of unit economics on the supply side by leveraging “unutilized capacity” and “optimizing production efficiency”

Fashinza, an AI-driven B2B marketplace and tech-enabled apparel manufacturing platform for fashion brands, retailers and manufacturers will debut its latest tech-based product offerings and solutions at the MAGIC Fashion Trade Show 2022 in Las Vegas, Nevada from August 8 to August 10, 2022. The Fashinza team, including the founders, will be onsite to showcase solutions designed to help brands and manufacturers work together directly through a unique digitized supply chain.

Using AI and Data Science to change the way brands source products

Fashinza’s “one-stop apparel manufacturing platform” helps brands connect with manufacturers through AI-driven supplier matching. It offers brands the ability to place bulk orders with just one click and discover upcoming fashion trends through the use of a state-of-the-art trend forecasting algorithm. With recent updates to the platform, MAGIC Fashion Trade Show participants will be the first to see the latest from the manufacturing platform, including:

• Thousands of the latest designs from different categories from womenswear to menswear, athleisure, outerwear and kids wear
• How the platform provides Design to Delivery support to fashion brands and retailers
• How Fashinza has enabled Smart Digital factories for a seamless experience with manufacturers
• AI & Data-Driven Trend Forecasting including 45-day production turnaround
• Its repository of stock fabrics and patterns for fast and low-effort Design to Delivery options
• End-to-end shipping to anywhere in the world 

Customers can use the Fashinza app to track time and action calendars, a tool used in the apparel industry to stay up to date on manufacturing milestones to ensure timely delivery. 

(L-to-R) Jamil, Pawan and Abhishek

“Business-to-business marketplaces are here to stay and current systems are broken. We do not envision a world 20 years from now where brands would need to make 100 calls, send 200 emails, and wait six months for a bulk order,” says Pawan Gupta, CEO and co-founder. “We are solving real problems that are bringing in major results for our customers.” 

The pandemic exposed significant structural issues in the global apparel industry, which relies on months of long lead times, considerable volumes to drive down costs, and massive inventory problems. In addition, supply chains are mainly managed on emails and spreadsheets, resulting in all-too-common industry problems, like delayed deliveries and long turnaround times. 

Fashinza, which recently raised a $100 million in series-B funding led by Prosus Ventures (f.k.a. Naspers Ventures), is revolutionizing the apparel manufacturing industry through technology-led intervention, taking on industry problems head-on while fueling a culture of transparency, efficiency, sustainability and automation. For additional information, please visit www.fashinza.com.  

Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as 4 weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. 

Fashinza has a roster of over 250 factories that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE and India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad.

Fashinza Raises $100 Mn Series B Funding Led by Prosus, Westbridge Capital

(L-R) Jamil, Pawan & Abhishek

• Fashinza to use funding to create sustainable supply chain for global fashion industry
• Fashinza suppliers experienced a 200% YoY increase in earnings in 2021 from increased capacity utilization
• Fashinza customers reported a 25% reduction of costs in inventory and a 20% increase in topline with faster TATs and lower minimums
• The company experienced 10x growth in 12 months along with increasing their global footprint

Fashinza, the AI-driven B2B marketplace and real-time global supply chain for fashion brands and retailers, today announced it has raised a $100 million in Series B funding round led by Prosus Ventures (f.k.a. Naspers Ventures) and Westbridge along with participation from existing investors Accel, Elevation, and DisruptAD. The round also saw participation from angel investors Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta. The funding round is a combination of equity and debt financing.

Fashinza will utilize the funds towards creating a sustainable supply chain for the global fashion industry and in expanding the company’s presence globally. This includes monetizing fintech offerings, expanding into raw material procurement, helping Indian SME apparel manufacturers with supply chain financing, creating a sustainable (i.e. net positive) supply chain by 2030 and Industry 4.0 solutions for SMB manufacturers.

In the past 12 months, and in the middle of a global pandemic, Fashinza grew the business 10x crossing $150 million in annualized GMV run rate. The company also reduced minimum order units to as low as 50 and reduced design to delivery TATs by 50% in a single year. Fashinza has a roster of over 250 manufacturers in India, Bangladesh, China, and Vietnam that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE, and India.

“We are excited to expand our global presence and offer fast and sustainable tech-based supply chain solutions -- especially to our customers in North America. Our goal to help our partner brands and manufacturers work and thrive with an agile supply chain that benefits all is now a reality and already increasingly impacting our customers’ lives,” adds Pawan Gupta, CEO and Co-founder of Fashinza.

“Our mission is to create a sustainable, futuristic, and agile fashion supply chain using technology while improving the ethics and sustainability in the supply chain. We are now also using the massive data we generate to solve financial challenges for our customers and suppliers with our fintech products,” says Abhishek Sharma, COO and Co-Founder, Fashinza.

“At Fashinza we believe that we cannot grow alone but only with the growth of our SME partners and customers. The funds infusion would help us in executing new strategies and implement new solutions, leading to all round growth across geographies,” adds Jamil Ahmad, Chief Business Officer and Co-founder of Fashinza.

“The issues of the fashion industry supply chain have grown immensely over the past few years – and these challenges have presented an opportunity ripe for disruption. The Fashinza team has quickly evolved in a space that needs to go beyond the traditional channels. Their exceptional team, dedication to mission, and business acumen at scaling their customer growth are why this investment is important to us,” says Ashutosh Sharma, Head of India Investments at Prosus Ventures.

“We are thrilled to be part of Fashinza’s growth journey. We believe the company has the potential to revolutionize the fashion industry supply chain using technology and we are excited to help take the company to the next level,” says Sandeep Singhal, Managing Director, WestBridge Capital.

In addition to solving complex supply chain issues, Fashinza’s‘flexible and transparent’ marketplace model also includes logistics, fintech, and payment support. For additional information, please visit www.fashinza.com.

Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as 4 weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. Fashinza has a roster of over 250 factories that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE and India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad.

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors. 

Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more. The team actively backs exceptional entrepreneurs who are using technology to improve people’s everyday lives. Each month, more than 2 billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built. To find out more, please visit www.prosus.com.

WestBridge Capital is a highly experienced investment firm, managing over US$3 billion of capital, which focuses primarily on investments in India. WestBridge seeks to partner with some of India's most promising mid-sized companies run by outstanding entrepreneurs and management teams for the long-term, whether they are public or private.

Over $15 Million Supplier-Financing Program for SMEs From Fashinza

Fashinza, a B2B, new-age product development and production management platform enabling fashion brands and manufacturers to produce better, together, has joined hands with Stride One, SaraLoan and other fintech lenders to empower apparel manufacturing SMEs with an over $15 million supplier-financing program. The lack of requisite working capital has been a significant challenge and a roadblock for SME suppliers and manufacturers in fulfilling large orders from big fashion labels. The supplier finance program from Fashinza and the fintech lenders will help SMEs to receive their payments on due dates or early payments. This will help SMEs scale their business without capital limitation.

The supplier-financing program, offered by Fashinza in partnership with Stride One, SaraLoan (Blacksoil’s fintech arm) and other fintech lenders, will help manufacturers to focus on production without financial stress, and enable brands to focus on their operations and sales without their cash getting stuck in production. Also the long-term benefits for SMEs are the ability to scale up capacity and to get new opportunities to grow their business faster.

According to Abhishek Sharma, Co-Founder and COO, Fashinza: “India’s contribution to apparel manufacturing and the global fashion industry is undisputed. While there is immense scope to grow for SMEs, availability of working capital remains a challenge. Our financing program for SMEs is an enabler and is empowering small manufacturers. We work closely with suppliers and have found that when the working capital is taken into account, they are able to work on bigger projects with bigger labels and scale their business."

"Fashinza is solving the cash flow problem of apparel manufacturers by offering supplier financing limits via fintech partners like Stride One and SaraLoan. Supplier financing is a win-win solution for both Fashinza and manufactures. Manufacturers get paid on time or request for early payment by paying a nominal interest on actuals. Supplier financing program will act as a catalyst to exponentially grow Fashinza’s supplier partners’ business,” says Akshay Poshatwar, AVP - Financial Services & Strategy, Fashinza.

“In our endeavor to provide customized financing solutions, we have designed robust and flexible financial programs for Fashinza that meet their working capital needs. Through this partnership, Stride One continues its focus on creating disruptive supply chain financing solutions for new-age businesses, along with digitizing the onboarding process of vendors,” says Sameer Mahajan, CBO, Stride One.

“We are excited to work with Fashinza as they are helping highly unstructured apparel manufactures by providing them a tech backbone to help them get more business. By working with Fashinza, SaraLoan has been able to provide working capital to these manufacturers to help fulfill orders generated on the Fashinza platform. The solution offered by SaraLoan is flexible and manufacturers can draw as per demand and pay interest only on the amount utilized,” says Ashutosh Kumar, Chief Business Officer, SaraLoan.

Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as 4 weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. Fashinza has a roster of over 250 factories that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE and India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad. For additional information, please visit www.fashinza.com.

Stride provides comprehensive debt & supply chain financing solutions, across sectors and lifecycles, to cater to the distinctive challenges faced by high-growth and inherently strong businesses, backed by leading VCs.

SaraLoan offers B2B checkout solutions to businesses to better manage their payment for their customers and vendors. By offering a platform that integrates with their current accounting solutions, businesses are able to get a bird's eye view of their receivables and payables.

B2B Fashion Manufacturing Startup Fashinza Hires Rajesh Meena As Head of Operations

Rajesh Meenan

Just weeks after announcing $20 million funding, Fashinza announces team expansion with deeply experienced leaders

National, August 16, 2021: Fashinza, a global B2B manufacturing startup, today announced hiring of a senior leader to drive its global and Indian expansion. Their new executive leader Rajesh Meena, Head of Operations will play a critical role, as the company continues to see accelerated demand for its offerings. After a recent round of funding from Accel Partners, Elevation Capital, Anand Ahuja and actress Sonam Kapoor Ahuja, Fashinza is quickly expanding its team to meet the tremendous demand. The growth of the Fashinza team is part of a broader plan to help its clients not only in India but globally. The goal is to strengthen its position as a fashion and a sustainable brand, delivering solutions for small and medium ethical factories, garment manufacturers and fashion brands/designers who are looking to attain success in the fashion and textile industry.

The addition of Mr. Rajesh marks the initiation of this expansion process for the company’s leadership team. Rajesh is an astute professional with 15 years of accomplished career in BlackBuck, Ola, TaxiForSure, and Spencer's Retail.

Rajesh earned his B. Tech from IIT Bombay in 2004 and PGDM from IIM Bangalore in 2008. During his TaxiForSure stint, their Delhi Branch achieved 4x record growth from 5600 to 22000 rides per day within two months. 

At Fashinza, Rajesh will oversee sales, mobility, operations and supply chain. At the supply end, he’ll be chiefly responsible for onboarding factories (to expand supply base), ensuring audit compliance, identifying the “model factories,” and achieving accurate supplier-brand matching basis the strengths and requirements of the respective suppliers and brands. At the operational level, Rajesh will be responsible for ensuring 100% visibility in terms of TNA (Time-And-Action Plan), minimizing rejections of delivered goods, and ensuring on-time delivery. A major lacuna in the fashion industry is the missing trust factor between brands and suppliers and Fashinza’s goal is to fill this gap. Rajesh will be playing a pivotal role in achieving this target.

Speaking of Fashinza’s goals, the tech-driven start-up is on a mission to create a sustainable and futuristic supply chain for fashion brands while improving the lives of workers. In May 2021, the company expanded their operations to New York with the aim of reinventing the $800 bn global fashion manufacturing for the e-commerce era, which is more agile, fast, transparent, and sustainable. Their platform provides an end-to-end online ordering for brands, complete production tracking from the factory floor, low MOQs, and fast but ethical production. The platform’s USP is their dashboard where brands can monitor the TNA plans for their orders with regular updates, can access factory footage in real time, and communicate with Fashinza for support 24/7. Fashinza is currently present in 10 countries and has partnered with brands from the US, Canada, UK, Middle East, and India. At present, they're associated with 150+ leading brands including Forever 21, Hummel, Centrix Brands, and Amaro.

Commenting on the new hire, Abhishek Sharma, Co-Founder, Fashinza, said, “Fashinza is on a transformational journey to make a transparent and agile supply chain accessible to a wider client-base, and Rajesh will help lead the way with his technology and fashion expertise. We are excited to welcome him to the team and will leverage his expertise to propel Fashinza through its next phase of growth of global expansion. Fashinza is expanding their supply chains across countries like China, Middle-East, Bangladesh, Sri Lanka, Vietnam, and India, therefore we have boarded Rajesh with us who will help us in business expansion. He will play a key role in this expansion while continuing to grow in the domestic market."

Jamil Ahmad, CBO and Co-Founder, Fashinza, added, “We are working towards building and strengthening our leading team which will add value to our clients and will ensure successful business. The company is looking for experienced professionals in sales, business-strategy and operations verticals for seamless service delivery to our clients, while by no means compensating on our ethics. We have associated with multiple brands that have used our model and to further expand, we are strengthening our team and Rajesh will help us in business development."

In his comments, Rajesh Meena, Head of Operations, Fashinza, said -

I’m excited to join this team and begin the journey of taking the Fashinza brand to new levels. My entire career has been focused on helping the mobility and retail industry and scale up for creating strategic approaches to finance and investor relations. I am excited and ready to step into this role for Fashinza.

About Fashinza: 

Co-founded in 2020 by Abhishek Sharma, Pawan Gupta and Jamil Ahmad, Fashinza is a global B2B manufacturing marketplace with a mission to create sustainable and futuristic supply chains for fashion brands while improving the lives of millions of workers. The start-up provides absolute transparency in production through regular updates for brands on their AI-based platform. They handle everything from design to delivery for their partner brands while providing lowest MOQs in the industry and fast turnarounds. As of January 2021, they have 400 plus ethical partner factories across India, Bangladesh, China, and Sri Lanka. Fashinza works with brands across 10 countries like Forever21, Noon.com, Centrix Brands, Amaro, Clovia, and Bewakoof.com. Recently, Fashinza raised $20 million in a mix of equity and debt as part of Series A funding. The round was co-led by marquee existing investors Accel Partners and Elevation Capital along with Abu Dhabi’s DisruptAD, Stride Ventures, Alteria Capital, and Tradecred. The round also saw participation from Anand S Ahuja (MD, Shahi Exports & Founder, Bhaane) and actress Sonam Kapoor Ahuja, both of whom are vocal supporters of sustainable fashion.

Fashinza - B2B Platform Transforming the Future of the Fashion Manufacturing Industry Using Data and Technology

New Generation Supply Chain and Product Development Platform for Fashion Industry.

A platform that creates a more holistic — and sustainable — supply chain

Abhishek Sharma and Pawan Gupta - Co-Founders of Fashinza

National, January 28th, 2021: The year 2020 has had devastating effects on the fashion industry and has been even harsher on manufacturers and suppliers around the world. The disruption was quite sudden and now that it is time to rewire the industry, a Gurugram-based startup Fashinza has formally unveiled India’s one of its kind B2B platform that helps apparel and fashion brands outsource their manufacturing with complete transparency and reliability. An end-to-end cloud-based production platform, it helps apparel and fashion brands outsource their manufacturing efficiently. Fashinza already has 400 plus ethical partner factories across India, Bangladesh, Vietnam, and Sri Lanka and counts brands like Forever21, Noon.com, FirstCry, The Souled Store, and Bewakoof.com among their customers.

In his comments on the new platform, Pawan Gupta, Co-Founder & CEO, Fashinza, said, “Our cloud-based software is transforming the fashion industry by digitizing global supply chains and making sustainable sourcing easy and cost-effective for brands and every player in the supply chain. Our platform enables brands to manage the entire product development, sourcing, and production process from design right through delivery, all in one place. Fashinza helps brands reduce inventory forecasting errors and produce goods with complete transparency and minimal effort. We currently have manufacturing units in India, Bangladesh, and Srilanka and have worked with brands across India, USA, UK, Europe, and Australia."

Abhishek Sharma, Co-Founder and COO, Fashinza said, “At Fashinza, we are creating a new generation supply chain and product development platform for the Fashion Industry. Through Fashinza, we are also addressing the problems of small and medium sized manufacturers. MSMEs industrial units don’t have experience in using state-of-the-art technology that radically improves operations by introducing transparency and efficiency in the production process. By partnering up with us they not only get to work with both national and international brands but also get an opportunity to upscale their business and operations through the integration of latest technologies."

About Fashinza: 

Founded in 2020 by IIT Delhi Alumni, Pawan Gupta and Abhishek Sharma, Gurugram-based Fashinza is a B2B marketplace that helps apparel and fashion brands outsource their manufacturing with complete transparency and reliability. They handle everything from design to delivery for their partner brands. Fashinza also helps global brands to work with lowest MOQs in the industry and have fast turnarounds. As of January 2021, they have 400 plus ethical partner factories across India, Bangladesh, Vietnam, and Sri Lanka. Fashinza counts brands like Forever21, Noon.com, FirstCry, The Souled Store, and Bewakoof.com among their customers.

Fashinza Raises $2.6 Mn in Seed Funding Led by Accel Partners and Elevation Capital

Fashinza, a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers, has announced that they have secured a seed funding of $2.6 million. The funds are to be utilized in solving apparel supply challenges by digitising the entire sourcing cycle from design to delivery. 

The start-up provides absolute transparency during the production process through regular updates/notifications for brands on their AI-based platform. The initial seed funding round was led by Accel Partners and Elevation Capital with participation of marquee individual investors – Kunal Bahl and Rohit Bansal, co-founders of Snapdeal, and Alok Mittal, co-founder of Indifi. The global apparel industry was set to reach a value of $1.5 trillion US dollars in 2020 with the global demand on the rise but the growth was interrupted by the Covid-19 pandemic. The European Union, United States, and China are the 3 largest markets for the apparel industry while the APAC region has the highest growth rate. Countries like China, Bangladesh, Sri Lanka, Vietnam, and India have emerged as the leading suppliers in the industry.

Commenting on the funding they’ve received, Pawan Gupta, CEO & Co-Founder, Fashinza, said, “The global apparel supply chain needs technology driven intervention for it to become efficient and fair. It needs to be more agile and it should be able to respond to changes much more quickly than it does at present. For instance, during the pandemic, when the retail orders dived south, we were able to provide a scalable demand-supply matching platform for all PPEs and enabled the production of complete PPE kits by onboarding a greater number of suppliers in the moment of need. The funding that we have received is an acknowledgment of our potential to transform the apparel supply chain and it will be invested to facilitate our growth in different directions. We are expanding our network of manufacturers globally and are working with leading brands across 10 countries. Our mission here is to combine innovation with sustainability.

In his comments, Pratik Agarwal, Vice President, Accel Partners, said, “We’re proud to be partners with Fashinza as they represent the ambition of next-gen Indian founders going after large global opportunities. The time is right for Fashinza as they reinvent the $500bn global fashion supply chain for the e-commerce era. Pawan and Abhishek are exceptional operators who put team and customer success first and have instilled the right cultural DNA in Fashinza very early on."

According to Akarsh Shrivastava, Vice President, Elevation Capital, “Apparel industry has undergone multiple shifts over the past decade. Rise of direct to consumer brands and advent of fast fashion have pushed brands and retailers to be faster and more agile. Fashinza, with its product and tech-led approach, is democratizing this fast fashion supply chain, enabling both brands and suppliers with the wherewithal to navigate these shifts. We are excited to partner with Pawan and Abhishek in building a global company.”

About Fashinza: Founded in 2020 by IIT Delhi Alumni, Pawan Gupta and Abhishek Sharma, Gurugram-based Fashinza is a B2B marketplace that helps apparel and fashion brands outsource their manufacturing with complete transparency and reliability. They handle everything from design to delivery for their partner brands. Fashinza also helps global brands to work with lowest MOQs in the industry and have fast turnarounds. As of January 2021, they have 400 plus ethical partner factories across India, Bangladesh, Vietnam, and Sri Lanka. Fashinza counts brands like Forever21, Noon.com, FirstCry, The Souled Store, and Bewakoof.com among their customers.