Faisal Aftab’s Post

Evolving #technology and E-commerce channels ushered multiple startups to invest in Fashion Supply Chain. Though there is immense scope, but execution looks a challenging journey. #fashion #supplychain based startups like Virgio or Fashionza finds it challenging, either to meet the #value Expectations from the Consumer or #valuation expectations from the Investors. Question/Answer, is the cost of bringing a change in the dynamic Fashion world!

This might be quite a meaningful exit for Startup Europe... US private equity group TPG is in talks to buy a stake in second-hand fashion site Vinted at a €5bn valuation, reports the Financial Times. Vinted originated in Lithuania in 2008. It was last valued at €3.5bn in May 2021 when it raised $304M (Series F). Cumulatively it has raised about $600M. It posted a net profit for the first time in its 2023 annual report, of €17.8m, and saw revenue increase 61% year on year.  #startups #exit #lithuania Sifted Mind the Bridge Isidro Laso Giovanni Iozzia

Bengaluru-based fashion brand The House of Rare, which operates popular apparel brand Rare Rabbit, has almost doubled its net profit in the financial year ending on March 31, 2023 👇 The bootstrapped startup has recorded a profit of INR 32.2 Cr FY23, a 84% YoY increase from INR 17.5 Cr, on the back of rise in sales. In FY23, the startup’s revenue from operations jumped by 77% YoY to INR 376 Cr, from INR 212.5 Cr. The apparel startup primarily earns revenue by selling clothes and footwear through its retail stores, a native ecommerce store and online channels such as marketplaces. Including other income, House of Rare’s total income stood at INR 381 Cr, a 74% higher than INR 219 Cr. 🔗 To read more in detail, click here: https://lnkd.in/gUwyGupc #fashion #startup #financials

Fashion startups are taking the industry by storm, and for good reason! These innovative companies are reshaping the way we think about fashion and style. From sustainable clothing to personalized shopping experiences, fashion startups are revolutionizing the way we dress. One of the key reasons why fashion startups are the trend, is their ability to ✅ quickly adapt to changing consumer preferences. With the rise of social media and e-commerce, fashion startups are able to connect with customers in ways that traditional retailers cannot. This allows them to stay ahead of the curve and deliver the latest trends straight to your doorstep. Thought there is a rising clutter in the segment which in positive perspective means more competitive space thereby the consumer has more opportunities to explore which means the market may always see a rise irrespectively. Additionally, fashion startups are often more agile and ✅nimble than their larger counterparts. This means they can experiment with new ideas and concepts without the fear of failure. This willingness to take risks often leads to groundbreaking innovations that push the boundaries of fashion. If you're looking to stay ahead of the fashion curve, keep an eye on these fashion startup business keywords: sustainable fashion, e-commerce, personalized shopping, and ✅innovative design. #FashionStartups #SustainableFashion #ecommerce #PersonalizedShopping #InnovativeDesign #FashionTrends #FashionIndustry #FashionInnovation #business #startups #trends #markets #growth

Fast fashion stores are trending, and many people rely on them for their clothing and other needs. However, the increasing dominance of these fast commerce stores is making it tough for small businesses and startups. 👗 Learn what the experts have to say about how big fast fashion stores are affecting startups and what the environmental impact of this movement is. Veristyle, That Gorilla Brand, 33Seconds 👏 #expertcomment #entrepreneurship #fastfashion #startup #startups #sustainability Read more 👇  https://lnkd.in/djaZaieY

🔎🤖 "This Startup AI Finds Your Perfect Apparel Size Effortlessly!" 👗✅ Laws of Motion Carly Bigi ➡️ Laws of Motion, a New York-based fashion startup, raised $5 million in seed funding from investors including Sequoia Capital's The Scout Program, Corazon Capital, Leadout Capital, and various angel investors. 🤝 ➡️ Founded in 2019 by former Deloitte executive Carly Bigi, the company has raised $6.5 million to date. 💰 ➡️ Laws of Motion uses AI technology to provide personalized sizing for women’s apparel, offering hundreds of sizes and shapes. 🤖 ➡️ The new funds will support expansion, technology enhancement, and a SaaS offering for brands to track conversion rates and returns. 📊 Read more 👇📲 https://lnkd.in/gagXGVkg Visit our website 🌐✅ www.scoopearth.com #Scoopearth #Startup #Funding #Ecommerce #Fashion #Ai #Technology #innovation #clothing

Hey Savi a promising start-up, has successfully raised £ 2.2 million in investment. The company is set to transform online fashion shopping through advanced artificial intelligence and personalized customer data. Victoria Peppiatt Angela Vinci Sarah Daniel Gareth Jones Robin Sutara Richard Goold #Startups #FashionTech #AIInnovation #InvestmentNews #AdvisoryBoard #PersonalizedShopping #FashionIndustry #DailyNews #ApparelResources #ApparelIndustry #UK

Online shopping of jewelry is growing at a CAGR of 28% & offers $77B market opportunity. Enter Eternz Fashion Private Limited - A one stop shop for all your jewelry needs, TDV Partners latest investment and portfolio company. It is an Omnichannel curated marketplace for Jewelry focusing on millennials & GenZs with focus on personalization & customization from a variety of brands from not just India but globally. Jewelry market’s online shopping penetration globally is around 8% with developed markets like US having 12% contribution to the total sales. India hardly has 2% online penetration currently. The no. of jewelry brands out there is increasing by leaps and bounds. You might have seen a bunch of jewelry startups in the season 3 of Shark Tank India already. With this trend increasing further, the need of a platform, one stop shop kinds for all the jewelry needs is evident and Eternz Fashion Private Limited is the answer to that. Excited to back Arthi Ramalingam in building Eternz along side Kae Capital, IIMA Ventures, Gemba Capital & Venture Labs #Eternz #jewelry #marketplaces #portfolio #investment https://lnkd.in/g-ggyiFS

ZYOD, a leading B2B fashion marketplace, has successfully secured $18 million in a combination of equity and debt funding. The round was spearheaded by venture firm RTP Global, with debt capital contributions from Stride Ventures, Trifecta Capital, and Alteria Capital. Notably, existing investor Lightspeed India also participated in this funding round. Co-founder Ankit Jaipuria stated that the majority of the funds raised were in primary equity. He highlighted Zyod's ambitious plans to expand its customer base to over 40 countries by the end of the fiscal year, up from the current 18. The company aims to strengthen its presence in key markets including the US, the UK, the Middle East, and Japan. Additionally, Zyod plans to broaden its product categories and enhance its technological capabilities to improve supply and production forecasting and track design trends more effectively. “Zyod leverages technology to enhance every aspect of the production process, from modular design to optimizing factory operations. We are thrilled to support Zyod as they expand their transformative platform internationally,” said Nishit Garg, partner at RTP Global’s Asia investment team. Since its founding in January last year, Zyod has grown to employ approximately 100 individuals, including designers, engineers, supply chain executives, and sales executives. The company plans to further expand its sales teams in international markets. Zyod, co-founded by Jaipuria and Ritesh Khandelwal, works closely with brands throughout the design and manufacturing process, often partnering with brand design teams to innovate and iterate on new apparel designs. One of the significant challenges in fast fashion, according to Jaipuria, is minimizing inventory wastage due to frequent new releases. Zyod addresses this by optimizing the supply chain, enabling brands to procure smaller batches of inventory more effectively. Currently, Zyod is at a “double-digit million dollar” annualized revenue run-rate, with ambitions to triple this figure by FY25, though specific numbers were not disclosed. Looking ahead, the company anticipates that 80% of its business will come from international markets within the next few years. Initially, the majority of its business is expected to be derived from larger enterprise clients, with a projected shift towards a larger share from smaller, long-tail clients thereafter. Zyod supplies products to numerous apparel brands such as Landmark Group, NEXT, Rare Rabbit, FirstCry, and Allen Cooper. In April last year, the company secured $3.5 million in funding led by Lightspeed Venture. #Zyod #B2B #FashionMarketplace #Funding #FundingAlert #FundraiserAlert #RTPGlobal #StrideVentures #TrifectaCapital #AlteriaCapital #LightspeedVentures #VentureCapital #ApparelIndustry #FashionIndustry #BusinessExpansion #MarketGrowth #TechEnhancement #DesignTrends #InventoryManagement #SupplyChain #FastFashion #GlobalGrowth #Startup #AllBoutCorps

👗Fashion Startup NewMe Secures $18 Million in Series A Funding Led by Accel. NewMe, a fashion startup known for its unique and trendsetting designs, has successfully raised $18 million in a Series A funding round. The round was led by Accel, with participation from other notable investors. 💰 Funding Details: - Amount Raised: NewMe secured $18 million in Series A funding. - Lead Investor: Accel led the round, with additional support from various investors. 🔍 Background: - Company Overview: NewMe is a fashion startup that has rapidly gained popularity for its innovative and stylish clothing lines. - Market Position: The company has carved out a niche in the fashion industry by focusing on contemporary designs that appeal to a broad audience. 🚀 Expansion Plans: - Product Line Expansion: The newly raised funds will be used to expand NewMe's product offerings, including new clothing lines and accessories. - Market Reach: NewMe aims to increase its market presence by expanding to new regions and enhancing its online retail platform. 📈 Market Potential: - Fashion Industry Growth: The global fashion industry is poised for significant growth, with increasing consumer demand for unique and high-quality clothing. - Brand Recognition: NewMe is well-positioned to leverage its strong brand recognition and loyal customer base to capture a larger market share. 📅 Future Outlook: - Scaling Operations: With the support from Accel and other investors, NewMe plans to scale its operations, including manufacturing and distribution capabilities. - Innovative Marketing: The company will invest in innovative marketing strategies to boost brand visibility and attract more customers. NewMe's successful Series A funding round demonstrates the confidence investors have in its growth potential and strategic vision. The funds will enable NewMe to scale its operations, expand its product line, and strengthen its position in the competitive fashion industry. NEWME #NewMe #FashionStartup #SeriesAFunding #Accel #StartupNews #BusinessGrowth #FashionIndustry #MicroShots #NewsUpdates