Fashinza, a Gurugram-headquartered business-to-business (B2B) manufacturing platform for the apparel industry, has raised $100 million in a Series B funding round led by Prosus Ventures and Westbridge Capital.

Returning investors Accel, Elevation Capital, and DisruptAD and angel investors in the company, including Naval Ravikant, Jake Zeller, Jeff Fagnan, Nivi and Nitesh Banta, also participated in the round, which is a mix of equity and debt financing.

The startup will utilise the funds to create a sustainable supply chain for the global fashion industry and fuel its global expansion.

As per the startup, it will monetise its fintech offerings, expand its raw material procurement, offer supply chain financing to SME apparel manufacturers and create a net positive sustainable supply chain by 2030. Additionally, Fashinza will also offer Industry 4.0 solutions to SMB manufacturers.

Fashinza | Future Of Fashion Supply Chain

Founded by IIT Delhi alumni Pawan Gupta and Abhishek Sharma in 2020, Fashinza is a business-to-business (B2B) manufacturing platform that offers fashion brands end-to-end apparel manufacturing solutions.

Speaking about the development, Pawan Gupta, CEO and Co-founder of Fashinza, said,

“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.”

The Gurugram-headquartered startup helps fashion retail brands identify the right suppliers, data-driven fabric pre-booking and reduces inventory forecasting errors. Fashinza also offers logistics, fintech, and payment support on its B2B platform.

As per the startup, it grew its business by 10x in the last 12 months, crossing the GMV (Gross Merchandise Value) run rate of $150 million. 

The startup presently works with nearly 250 manufacturers across India, Bangladesh, Vietnam and China and serves over 200 fashion brands across the US, Canada, UAE, and India.

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