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Today Date : Monday, June 24, 2024

Fashinza announces business growth plan

Fashinza announces business growth plan

Fashinza, the AI-driven B2B marketplace and real-time global supply chain for fashion brands and retailers, today announced a business growth opportunity for apparel manufacturers in Tiruppur.  Fashinza recently raised a $ 100 million (Rs. 770 crore) 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. Fashinza is monetizing fintech offerings, expanding into raw material procurement, helping Indian SME apparel manufacturers with supply chain financing, and Industry 4.0 solutions for SMB manufacturers.

“Our aim is to help apparel manufacturers - big and small - improve efficiencies and capacities so that they can grow their business, ”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”says Abhishek Sharma, COO and Co-Founder, Fashinza.

“ 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.