Fashinza gets $100M to build strong supply chain for global fashion sector
Fashinza has secured $100 million in a new round of funding. The B2B supply chain marketplace will use the money to build a strong and sustainable supply chain for the worldwide fashion sector and to develop its global footprint. Fashinza, a B2B marketplace for fashion brands and retailers' supply chains, has secured $100 million in a Series B fundraising round headed by Prosus Ventures and WestBridge Capital, with previous investors Accel, Elevation, and DisruptAD participating. Angel investors Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta also participated in the round. According to the Gurugram-based business, the capital round includes a mix of stock and loan finance. The cash will be used by Fashinza to build a sustainable supply chain for the global fashion industry and to develop its worldwide footprint. This includes monetizing financial products, expanding into raw material procurement, assisting Indian SME clothing manufacturers with supp...