Fashinza raises $2.6M in seed round led by Accel Partners and Elevation Capital
Fashinza, a B2B manufacturing marketplace that solves apparel/fashion supply chain challenges by connecting fashion brands to experienced manufacturers, on Wednesday announced that it has raised a seed funding of $2.6 million. The funds raised will be used by the Gurugram-based startup in solving apparel supply challenges by digitising the entire sourcing cycle from design to delivery. The round was led by Accel Partners and Elevation Capital with the participation of marquee individual investors – Kunal Bahl and Rohit Bansal, co-founders of Snapdeal, and Alok Mittal, Co-founder of Indifi.
Founded in 2020 by IIT Delhi Alumni Pawan Gupta and Abhishek Sharma, Fashinza claims that it helps apparel and fashion brands outsource their manufacturing with complete transparency and reliability. The startup said it handles everything from design to delivery for partner brands. Fashinza added that it also helps global brands to work with lowest MOQs (Minimum Order Quantity) in the industry and have fast turnarounds. As of January 2021, it has 400 plus ethical partner factories across India, Bangladesh, Vietnam, and Sri Lanka. The startup counts brands like Forever21, Noon.com, FirstCry, The Souled Store, and Bewakoof.com among its customers.
Source: https://yourstory.com/2021/01/funding-b2b-marketplace-fashinza-accel-partners-elevation-capital
