Fashinza, a Gurugram, India-based AI-driven B2B marketplace for global fashion supply chains, raised $30 million in funding from Mars Growth Capital and Liquidity Group.
The funding will fuel Fashinza's ongoing transition into a global business in the USA, Gulf, and Europe. Fashinza will use the capital to meet its growing international working capital requirements.
"As we focus on expanding our presence in international markets, including the USA, we are excited to partner with Liquidity Group to support our growth and to bring our innovative manufacturing solutions to a global audience," said Abhishek Sharma, Co-Founder, and COO of Fashinza. "With their flexible cross-border financing solutions and extensive knowledge of navigating international markets, we are confident that we can successfully penetrate new markets and provide our manufacturing solutions to key clients worldwide. We remain committed to delivering exceptional service to our key customers in the USA and beyond as we continue to revolutionize the fashion manufacturing industry," Abhishek Sharma added.
By creating an online platform that allows buyers and sellers to connect seamlessly, Fashinza is revolutionizing how fashion works in today's digital age.
Company: Smartchain Innovation Pvt Ltd
Funding Month: March 2023
Lead Investors: Mars Growth Capital and Liquidity Group
Company Website: https://fashinza.com/
Software Category: Design-to-delivery Apparel Manufacturing Platform
About the Company: Founded in 2020, Fashinza is a B2B marketplace that solves trend forecasting and sourcing for fashion brands and retailers. It aims to take care of everything for customers from design to delivery by offering, per the company, end-to-end online purchasing, complete production tracking from the factory floor, minimal minimum order quantities, and quick and ethical production. The company offers manufacturing & apparel design as a service solution using a powerful technology platform. Fashinza's mobile-based production management and visibility software aims to connect family-run small and mid-sized audited factories to the cloud and has hundreds of manufacturers in India, Bangladesh, China, and Sri Lanka.