Indian manufacturing marketplace Fashinza raises $100 million

Oluwajuwonlo Afolabi -

Fashinza, 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.