Fashion Entrepreneur Fund Ropes In Karan Johar As Investor

SUMMARY

Fashion Entrepreneur Fund offers early stage investments and mentorship to fashion entrepreneurs

The fund reportedly received investments from RJ Corp’s chairman Ravi Jaipuria and Bollywood actor Akshay Kumar

FEF reportedly launched an OTT web series for fashion startups, which allows entrepreneurs to pitch ideas and secure funding

Days after roping in Dalmia Group Holdings’ chairman Gaurav Dalmia as investor and promoter, Fashion Entrepreneur Fund has now brought in filmmaker Karan Johar as its investor and promoter.

Johar will help the platform by providing focused mentorship and financial resources to it.

Founded by Sanjay Nigam and Raj Sarthak Nigam in 2021, Fashion Entrepreneur Fund offers early stage investments and mentorship to fashion entrepreneurs.

“Having Karan Johar join FEF is a tremendous boost for us. Our mission is to create a vibrant ecosystem where fashion dreams can flourish into successful enterprises. With Mr. Johar joining us, we are poised to accelerate this mission and reach new heights” said Nigam.

FEF will invest an initial amount of INR 20 Cr to help individuals in the fashion sector.

Last month, the fund reportedly received investments from RJ Corp’s chairman Ravi Jaipuria and Bollywood actor Akshay Kumar.

In March, FEF reportedly launched an OTT web series for fashion startups, which allows entrepreneurs to pitch ideas and secure funding.

According to an Inc42 report, India’s fashion ecommerce sector is set to grow at a CAGR of 25% to reach a size of $112 Bn by 2030. Within this market, the women’s apparel and accessories segment is expected to lead, capturing a substantial 50% market share by 2030.