This article covers the recent news of Fashinza, an Indian apparel supply chain start-up, raising $30 million in a funding round. The investment is expected to help the company further expand its technology and supply chain capabilities, as well as increase its global reach.
Fashinza, a fashion supply chain startup, has secured $30 million in investment from Mars Growth Capital and Liquidity Group.
The B2B firm stated that the funds will be used to grow operations in the United States, West Asia, and Europe. Fashinza’s platform links small and medium-sized businesses to fashion labels all around the world.
The global fashion supply chain is being transformed by Fashinza. Their track record from creation, the strength of their founding team, and their existing worldwide network of manufacturers and customers provided us considerable confidence in their capacity to develop and maintain this business over the medium to long term. Its capital is not asset-based and will thus help Fashinza build their business abroad in the most capital-efficient way possible.
Fashinza, formed in 2020 by Abhishek Sharma, Pawan Gupta, and Jamil Ahmad, works with over 250 factories representing 200 brands across five countries, including India.
The firm is thrilled to collaborate with Liquidity Group to assist our growth and provide our creative manufacturing solutions to a worldwide audience as they focus on extending our footprint in foreign markets, particularly the United States.
They are convinced that we can effectively access new markets and supply our manufacturing solutions to important clients globally thanks to their flexible cross-border finance options and deep understanding of navigating international marketplaces.
Fashinza is a potential pre-unicorn with international ambitions. Mars Growth Capital and Liquidity Group have been assisting firms like Fashinza in transitioning into genuinely global enterprises, and the prospects for a long-term engagement with the company are fascinating.