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

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

08/02/21, 10:44 AM
Location
abu dhabi's
Money raised
$20 million
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 Info

Company
Fashinza
Location
abu dhabi's, abu dhabi, are
Additional Info
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.
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