Elevation Capital-Backed B2B Marketplace Fashinza Bags $30 Mn Funding

Elevation Capital-Backed B2B Marketplace Fashinza Bags $30 Mn Funding

SUMMARY

Founded in 2020 by Pawan Gupta, Abhishek Sharma and Jamil Ahmad, Fashinza helps small and medium-sized enterprises digitise their production process

Including the current fundraising, Fashinza has raised over $152 Mn in funding from different investors to date

In FY22, its revenue surged over 2X to INR 30.66 Cr from INR 12.64 Cr in FY21. Its losses stood at INR 5.3 Cr in FY22, down from INR 6.3 Cr in FY21

AI-based B2B marketplace platform Fashinza has secured $30 Mn in a fresh funding round, which seems to be a Series C round, from Mars Growth Capital and Liquidity Group.

Fashinza plans to use the funding to strengthen its supply chain capabilities, expand business across the US, Gulf and Europe. 

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