Funding

B2B fashion marketplace startup raises $100 million Series B

India-based Fashinza aims to invest in supply-chain tech and make a bigger mark in the US.
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Francis Scialabba

· less than 3 min read

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If you need more proof that investors are eyeing supply-chain and logistics companies, enter Fashinza.

The B2B fashion marketplace, which works to digitize the supply chain from design to delivery, announced today that it raised $100 million in a Series B funding round.

  • The round, which included $60 million in equity and $40 million in debt, was led by Prosus Ventures and Westbridge and brings Fashinza’s total $$ raised since its founding in 2020 to $122.6 million.

Orderly fashion: The India-based company works with 250+ manufacturers and 200+ mid- to large-size brands in the US, Canada, India, and UAE, including Forever 21, Spencer’s, and Landmark Group.

It will use the new funding for supply-chain tech and to grow its footprint, expanding its operations within the US, Kiruba Shankar, Fashinza’s marketing lead, told Retail Brew—as it applies AI to address pain points within fashion manufacturing.

  • Shankar said Fashinza has cut turnaround times to around 45 days, down from the typical 90–120 day range, by “monitoring the gaps” and speeding up things like fabric procurement or product design. And the company notes it’s reduced inventory costs by 25% for some partners.

It’s also dropped minimum order quantities to as low as 50, so brands “can experiment” and boost their orders later on based on sales or projections, Shankar said.

  • Plus, by tracking every activity on the manufacturing line on a dashboard, Fashinza helps brands and manufacturers get data in real time, he added.

“Basically, we have taken [on] a big challenge where we are trying to solve the problems in the supply chain one by one,” Shankar said.—EC

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