logo
logo

Fashinza Raises $20 Million In Funding From Accel Partners, Elevation Capital, Others

Aug 02, 2021•about 4 years ago

Amount Raised

$20 Million

Abu Dhabi

Description

B2B manufacturing marketplace Fashinza on Monday said it has raised $20 million (about Rs 148.6 crore) in funding from investors, including Accel Partners, Elevation Capital and actress Sonam Kapoor Ahuja. The series A round, a mix of equity and debt, also saw participation from Abu Dhabi's DisruptAD, Stride Ventures, Alteria Capital, Tradecred and Anand S Ahuja (MD, Shahi Exports), a statement said.

Company Information

Company

Fashinza

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

The company had over 400 ethical partner factories across these countries as of January 2021. B2B manufacturing marketplace Fashinza on Monday said it has raised $20 million (about Rs 148.6 crore) in funding from investors, including Accel Partners, Elevation Capital and actress Sonam Kapoor Ahuja. Multiple brands have used Fashinza to diversify their supply chains across countries like China, Bangladesh, Sri Lanka, Vietnam and India. Fashinza was started with the aim of helping small and medium ethical factories that employ millions of workers, connect with global demand and eliminate environmentally unsustainable practices of this industry like overproduction, he added.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech