Fashinza, a Delhi, India-based provider of an AI-driven B2B marketplace and real-time supply chain platform for fashion brands and retailers, raised $100 million in Series B funding.
The round, which includes a mix of equity and debt financing, was led by Prosus Ventures and Westbridge with participation from Accel, Elevation, ADQ, Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta.
The company intends to use the funds to invest in supply chain technology and expand its presence globally. This includes monetizing fintech offerings, expanding into raw material procurement, and creating a sustainable (i.e. net positive) supply chain by 2030 and Industry 4.0 solutions for SMB manufacturers.
Company: Smartchain Innovation Pvt Ltd.
Round: Series B
Funding Month: May 2022
Lead Investors: Prosus Ventures and Westbridge
Additional Investors: Accel, Elevation, ADQ, Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta
Company Website: https://www.fashinza.com/
Software Category: AI-driven B2B marketplace and real-time supply chain platform
About the Company: Co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad, Fashinza is an AI-driven B2B marketplace for global fashion supply chains, which enables international brands to access design to delivery in as fast as 4 weeks with very low minimums. In addition to solving complex supply chain issues, the marketplace model also includes logistics, fintech, and payment support. The company, which offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their FactoryOS, has a roster of over 250 manufacturers that currently serves 200+ brands across 6 countries, including the United States, Canada, UAE, and India.