Image default

Fashion supply chain startup Fashinza raises $30M led by Mars Growth Capital, Liquidity Group

Gurugram-based fashion supply chain startup Fashinza has raised $30M in working capital funding led by Mars Growth Capital and Liquidity Group.

The startup plans to use the raised capital to fuel its ongoing transition into a global business with significant operations in the USA, Gulf, and Europe.

Founded in 2020 by Abhishek Sharma, Pawan Gupta, and Jamil Ahmad, Fashinza said its AI-driven business-to-business (B2B) marketplace connects small, medium and micro enterprises directly to top fashion brands across the world.

Navas Ebin, Managing Director of APAC for Mars Growth Capital and Liquidity Group, said, “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.”

“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,” said Nir Shmueli, Investment Manager at Mars Growth Capital and Liquidity Group.

The startup claims to have a roster of over 250 factories that serves more than 200 brands in five countries, including the US, UAE, UK, and India. It also claims to have industry-leading customers such as Nykaa, Forever21,, FirstCry, The Souled Store, and

Also Read:

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.

Source link

Related posts

Ocean Floor Music announces new collaborative space

Sarah Villa

Tech Industry Is Rapidly Producing More Millionaires In Pakistan

Sarah Villa

MOIT Launches Rs.41 Billion IT Park In Karachi With 200 Tech Companies And 20,000 Job Opportunities

Sarah Villa

Dapper Labs, Hootsuite, VodaSafe among winners of BC Tech’s 2022 Technology Impact Awards

Sarah Villa

Credit Suisse Also Played An Active Role In Startup Financing

Sarah Villa

Using digital twins, Pinmicro helps companies identify workflow pain points

Sarah Villa

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More