The company intends to use the funds to invest in supply chain technology and expand 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.
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.
17/05/2022
