Fashinza, an AI-driven B2B marketplace for global fashion supply chains, has secured US $ 30 million in working capital funding from Mars Growth Capital and Liquidity Group to strengthen its supply chain.
The funding will fuel Fashinza’s ongoing expansion into the USA, Gulf, and Europe. Fashinza’s innovative solution allows SMEs to connect directly with top fashion brands globally, revolutionizing the way fashion works in today’s high-speed digital age.
“Fashinza is transforming the global fashion supply chain. Their performance since inception, the strength of their founding team, and their existing global network of manufacturers and customers gave us enough confidence in their ability to scale this business and sustain in the medium to long-term,” stated Navas Ebin, Managing Director of APAC for Mars Growth Capital and Liquidity Group as per the press release.
As the company transitions into a truly global business, the capital will be used to meet the increasing international working capital requirements. Using Industry 4.0 solutions, Fashinza aims to create a net positive supply chain by 2030 and empower small and medium-sized manufacturers. Through this funding, Fashinza is on its way to achieving its goal and revolutionising the fashion manufacturing industry.
Abhishek Sharma, Co-Founder and COO of Fashinza, expressed the company’s enthusiasm for expanding its presence in international markets, namely the USA. The partnership is to leverage cross-border financing solutions and expertise in abroad operations. This will allow customers all over the world to access Fashinza’s advanced manufacturing services.
“With their flexible cross-border financing solutions and extensive knowledge of navigating international markets, we are confident that we can successfully penetrate new markets and provide our manufacturing solutions to key clients worldwide. At the same time, we remain committed to delivering exceptional service to our key customers in the USA and beyond, as we continue to revolutionize the fashion manufacturing industry,” adds Abhishek
