Fashinza – estabilishing India as a manufacturing hub
With a mission to combine innovation and sustainability, IIT Delhi Alumni Abhishek Sharma and Pawan Gupta have created India's first-of-its-kind B2B platform, Fashinza.
Fashinza is constantly expanding its worldwide network of manufacturers and partners with the most well-known brands in 10 countries. It is constantly expanding its worldwide network of manufacturers and partners with the most well-known brands in 10 countries.
It's the era of technical progress, agility, ease, and, most importantly, cooperation. The year that has passed has not been kind to any industry, notably the fashion business.
The pandemic-induced lockdown forced retail brands to close their doors, and manufacturers and suppliers to shut down in order to comply with government laws. And now, it is time for the industry to resurge and make up for lost revenue and time.
Fashinza helps apparel and fashion brands in outsourcing their production in a smooth, transparent, and reliable manner, while also assisting manufacturers in their business revival efforts.
The B2B platform assumes full responsibility for tasks ranging from design to delivery. Hence, communicating with manufacturers and performing stringent quality checks, as well as the entire production process. That includes fabric procurement, costing, sampling, production, quality control, and delivery for a wide range of apparel categories for all.
- It provides companies with access to a large inventory of garment categories and materials, as well as various creative design possibilities that they may develop.
- Brands who join Fashinza may tailor their requirements and share them via a techpack. Or they can choose from a catalogue of garments and personalise every aspect such as materials, colours, logos, and design.
- According to the company, lead times may range from 2 weeks to 60 days, depending on various factors.
Fashinza is a tech-enabled manufacturing company that boasts a network of cloud-connected factories that provide complete transparency and visibility for the overall production process.
- It is supported by 80 ethical and sustainable partner factories in India, Bangladesh, and Vietnam, and is backed by leading VCs.
- Forever21, Spencer's, Reliance, Bewakoof.com, The Souled Store, and Libas are just a few of Fashinza's many clients across ten countries.
Furthermore, the company aspires to expand at all times, and there have undoubtedly been benefits for firms that have joined the platform. In collaboration with a few top businesses, Fashinza wants to expand its services to New York (US).
Fashinza's business approach include assisting apparel businesses in working directly with manufacturers in a transparent manner. That means using their unique digitized supply chain to solve some of the toughest apparel supply chain difficulties. Its production plants are said to be located across India, including Jaipur, Tirupur, Delhi-NCR, Kolkata, and other cities. They also have production locations in Bangladesh, China, Vietnam, and Turkey, in addition to India.
In the last year, the firm has grown twentyfold. Its AI-driven technology platform automates everything from identifying the proper supplier to coordinating production across several stakeholders. The company uses a tech-driven strategy to tackle significant supply chain concerns through a single platform. It makes the sourcing experience as straightforward as possible which has been tremendously useful in dealing with rivals.
Fashinza plans to establish a worldwide B2B company based in India to assist manufacturers in gaining access to global brands. Therefore establishing India as a manufacturing hub. In regards to 2022, they want to expand their worldwide company in 4-5 nations and hire in places like the United States, MENA, and Europe.
