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# Indian manufacturing marketplace Fashinza raises $100 million
- URL: https://www.techloy.com/indian-manufacturing-marketplace/
- Published: 2022-05-17T15:56:02.000Z
- Updated: 2022-12-08T00:39:41.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Tech in India, / Artificial Intelligence

[Fashinza,](https://fashinza.com/) an AI-based manufacturing marketplace platform has raised $100 million in its Series B funding round led by Prosus Ventures and Westbridge Capital.

- The funds will be used to create a sustainable global supply chain for the fashion industry and expand its manufacturing operations, the startup claims.
- It plans to monetize its fintech offering, expand raw materials procurement and increase manufacturing activities for small and medium businesses in India.
- Fashinza claims it 10xed its business in the last 12 months at a gross merchandise value of $150 million.
- Accel, Elevation, ADQ and angel investors: Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi, and Nitesh Banta participated in the new funding round.