VC Fund Investments
B2B textile makers marketplace Fashinza raises $20-M from Accel, Elevation, Sonam Kapoor
Gurugram-based B2B textiles manufacturing marketplace Fashinza has raised USD 20 million (about INR 148.6 crore) led by Accel India and Elevation Capital. The Series A round, a mix of debt and equity, also saw participation from Abu Dhabi's DisruptAD, Stride Ventures, Alteria Capital, and TradeCred. Anand Ahuja, founder of fashion apparel brand Bhaane, and actor Sonam Kapoor Ahuja, also invested. Founded in 2020 by Abhishek Sharma and Pawan Gupta, Fashinza helps take family-run small-mid sized audited factories online with its mobile-based production management software. The fresh capital will be invested in supply-chain technology, and to expand the company's presence and manufacturer base globally, especially in the US and the Middle East.and visibility software.
From the Venture Intelligence PE-VC Deal Database: In Jan-21, Fashinza had raised over $2.5 M from Accel India, Elevation Capital and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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