Fashinza, an AI-driven B2B marketplace for global fashion supply chains, today announced that it has secured USD 30 million working capital funding from Mars Growth Capital and Liquidity Group. “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,” said Navas Ebin, Managing Director of APAC for Mars Growth Capital and Liquidity Group.
He 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.”“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.
The company, in a statement, said that the funding will fuel Fashinza’s ongoing transition into a global business with significant operations in the USA, Gulf, and Europe.