We have secured $30 million in working capital funding from Mars Growth Capital and Liquidity Group. The funding will be used to accelerate Fashinza’s growth strategy and further its transition into a global business in the USA, Gulf, and Europe.
In today’s digital age, fashion is continually evolving, and fashion brands need to be agile and have highly efficient supply chain management to stay ahead. We provide an innovative solution to this problem by connecting SMEs directly with top fashion brands across the world through our online platform by seamlessly connecting buyers and sellers on a single app.
Our AI-driven technology allows fashion brands to adapt to changing trends while maintaining high-quality standards quickly. This approach helps brands achieve a sustainable and transparent fashion supply chain, leading to a more responsible and ethical fashion industry.
The funding from Mars Growth Capital and Liquidity Group is a significant milestone for us and highlights the company’s innovative approach to the fashion industry. With its focus on creating a more sustainable and transparent fashion supply chain, we are driving a digital transformation in the industry, paving the way for a more responsible and ethical future.
As a result, we have successfully demonstrated the importance of innovative technology in shaping industries’ futures. As the company continues to grow and expand, it is poised to become a leader in the fashion industry. It is poised to drive growth and innovation while helping to transform the industry for the better.
"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," remarked Navas Ebin, Managing Director of APAC for Mars Growth Capital and Liquidity Group.
"As we focus on expanding our presence in international markets, including the USA, we are excited to partner with Liquidity Group to support our growth and to bring our innovative manufacturing solutions to a global audience," said Abhishek Sharma, Co-Founder, and COO of Fashinza. “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,” Abhishek Sharma added.
Fashinza will use the capital to meet its growing international working capital requirements. "Our capital is non-asset based and will hence support Fashinza to grow their business internationally in the most capital-efficient manner," said Navas Ebin.
“Fashinza is a promising pre-unicorn with global aspirations. Mars Growth Capital and Liquidity Group have been supporting companies like Fashinza to transition into becoming truly global businesses, and the prospects for a long-term partnership with the company are exciting," added Nir Shmueli, Investment Manager at Mars Growth Capital and Liquidity Group.
Liquidity Group is a technology firm that automates debt lending for mid-market, late-stage companies. Its machine learning and decision science technology helps it deploy capital faster than any other firm. The company is backed by top financial institutions and offers growth capital through funds focused on the US, Asia-Pacific, Europe, and the Middle East. Its subsidiary fund, Mars Growth Capital, works with MUFG for South East Asia operations
Fashinza is an AI-driven B2B marketplace for global fashion supply chains. They make it exceptionally easy for international brands to access design to delivery in as fast as four weeks with very low minimums. Fashinza offers access to a transparent production process that can be monitored 24/7 with 100% control enabled by their revolutionary FactoryOS. Their goal is to create a sustainable (i.e. net positive) supply chain by 2030 and empower SMB manufacturers with Industry 4.0 solutions. Fashinza has a roster of over 250 factories that currently serves 200+ brands across five countries, including the United States, Canada, UAE, UK & India. The company was co-founded in 2020 by serial entrepreneurs Pawan Gupta, Abhishek Sharma, and Jamil Ahmad.