The Fashion Entrepreneur Fund has secured key investments from entrepreneur Ravi Jaipuria and Bollywood celebrity Akshay Kumar to enhance its efforts in fostering innovation in the fashion industry. Both investors will also provide their expertise and insights to the initiative.
“I’m thrilled to collaborate with the Fashion Entrepreneur Fund,” said Ravi Jaipuria in a press release. “Fashion, beyond its allure, is a formidable industry, and 4.5 crore fashion enthusiasts in India are facing a lack of funds to kickstart their businesses. Having seen the transformative power of entrepreneurship across various sectors, I believe FEF is uniquely positioned to drive a new wave of innovation and investment within the Indian fashion landscape, empowering the next generation of entrepreneurs to shape the future of fashion.”
While Jaipuria will contribute his strategic insight and philanthropic vision to the Fashion Entrepreneur Fund, Kumar aims to give back to the community through this venture. The Fashion Entrepreneur Fund plans to use the investments to support both young entrepreneurs and the government’s Make in India initiative.
“I’m incredibly excited to join forces with the Fashion Entrepreneur Fund,” said Akshay Kumar. “The fashion industry in India is brimming with untapped potential, and I believe FEF provides the perfect platform to nurture and showcase this talent. Having witnessed the transformative power of entrepreneurship in other sectors, I believe FEF is well-positioned to unlock a new wave of innovation within the Indian fashion industry.”
The Fashion Entrepreneur Fund aims to promote a collaborative ecosystem within the fashion industry. Designed to cultivate innovation and entrepreneurship, the fund will invest an initial amount of Rs. 20 crore in the fashion industry.