Fashinza Raises $2.6 Million in Seed Funding for Digitizing the Sourcing Cycle
Fashinza, a manufacturing platform for the fashion industry has raised $2.6 Million in seed funding. The seed round was led by Accel Partners and Elevation Capital and saw participation from individual investors Kunal Bahl & Rohit Bansal, co-founders of Snapdeal; and Alok Mittal, Co-founder of Indifi. The startup will utilize the fresh capital towards solving apparel supply challenges by digitizing the entire sourcing cycle from design to delivery.
Founded in 2020, Fashinza is a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers. Founded by Pawan Gupta and Abhishek Sharma, both IIT Delhi alums, the startup handles every process right from design to delivery for clients and offers complete transparency and reliability. The startup has so far worked with brands such as Forever21, Noon.com, FirstCry, Nykaa, Libas, Cilory, The Souled Store, and Bewakoof.com among various others.
Speaking about the fund raise Pawan Gupta, CEO and Co-founder, Fashinza said, “The funding that we have received is an acknowledgement 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”.
Pratik Agarwal, Vice President, Accel Partners, said, “The time is right for Fashinza as they reinvent the $500 billion 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”.
Founded in 2020, Fashinza is a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers. Founded by Pawan Gupta and Abhishek Sharma, both IIT Delhi alums, the startup handles every process right from design to delivery for clients and offers complete transparency and reliability. The startup has so far worked with brands such as Forever21, Noon.com, FirstCry, Nykaa, Libas, Cilory, The Souled Store, and Bewakoof.com among various others.
Speaking about the fund raise Pawan Gupta, CEO and Co-founder, Fashinza said, “The funding that we have received is an acknowledgement 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”.
Pratik Agarwal, Vice President, Accel Partners, said, “The time is right for Fashinza as they reinvent the $500 billion 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”.