Fashinza raises $100 million series B funding led by Prosus, Westbridge Capital

By

Maverick Martins

Published
May 17, 2022

Business-to-business product development and production management platform for fashion brands and manufacturers Fashinza has raised a $100 million (Rs 775 crore) in Series B funding round led by Prosus Ventures and Westbridge.

Existing investors Accel, Elevation, DisruptAD along with angel investors Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta also participated in the funding round. 

Fashinza will utilize the funds to strengthen its sustainable supply chain and international expansion.
Commenting on the funding, Pawan Gupta, CEO c-founder of Fashinza in a statement 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.”

Ashutosh Sharma, head of India investments at Prosus Ventures added, “The issues of the fashion industry supply chain have grown immensely over the past few years – and these challenges have presented an opportunity ripe for disruption. The Fashinza team has quickly evolved in a space that needs to go beyond the traditional channels. Their exceptional team, dedication to mission, and business acumen at scaling their customer growth are why this investment is important to us.”

Fashinza currently has over 250 manufacturers in India, Bangladesh, China, and Vietnam that serves over 200 brands across 6 countries, including the United States, Canada, UAE, and India.