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This week, Gurugram-based fashion-focused global manufacturing marketplace Fashinza scooped up $100 million (mix of equity and debt financing) in a Series B round of funding led by Prosus Ventures and WestBridge Capital. 

The round also saw participation from returning investors Accel, Elevation Capital, and DisruptAD. Some of the angel investors including Naval Ravikant, Jeff Fagnan, Jake Zeller, Nivi and Nitesh Banta also participated in the round. 

As of now, the startup has raised over $122 million in different rounds.

The B2B platform will utilise the funds to create a sustainable supply chain for the global fashion industry and to fuel its global expansion.

As per the startup, it will monetise its fintech offerings, expand its raw material procurement, offer supply chain financing to SME apparel manufacturers, and create a net positive sustainable supply chain by 2030. It will also offer Industry 4.0 solutions to SMB manufacturers.

Launched in 2020 by IIT Delhi graduates Pawan and Abhishek Sharma, Fashinza offers fashion brands end-to-end apparel manufacturing solutions. It helps fashion retail brands identify the right suppliers, enables data-driven fabric pre-booking, and reduces inventory forecasting errors. 

The startup works with nearly 250 manufacturers across India, Bangladesh, China and Vietnam, and serves over 200 fashion brands across the US, Canada, the UAE, and India.

Fashinza claims that it grew its business by 10X pver the last 12 months, crossing the GMV (Gross Merchandise Value) run rate of $150 million. 

If you want to be a part of Fashinza’s growth story, check out these job openings:

Product Designer

Location – Gurugram 

Experience Required – 2-4 years

In this role, the selected candidate has to design and prototype using Figma, Sketch, Adobe Creative Suite, Principle, and InVision. They should be able to create animations for UI using InVision (or other tools). One must have strong design skills across iOS, Android, and web platforms. The individual should be able to understand technical implications in their design decisions. One should have a strong UX focus and understanding.

For more information, click here.

Senior UX Researcher

Location –  Gurugram

Experience Required – 3-5 years

As a Senior UX Researcher, the individual has to collect and analyse user behavior through lab studies, field visits, ethnography, surveys, benchmark studies, server logs, and online experiments (A/B testing). They have to work with designers, product managers, engineers, and design studies that address both user behaviour and attitudes. 

For more information, click here.

Brand Marketing

Location – Gurugram

Experience Required – 2-4 year

In this role, the individual will be responsible for developing brand strategies, guidelines, marketing plans, and product innovations to drive product growth. One should feel comfortable working cross-functionally to execute these strategies and ensure brand consistency.

For more information, click here.

Performance Marketer 

Location – Gurugram

Experience Required – 2-4 years

The selected candidate will interact directly with senior stakeholders to understand business intent. They will also participate in ongoing design reviews and iterations during the sprint, review the performance of the release, and identify learnings and build hypotheses. One will also participate in user research and usability tests whenever required.

For more information, click here.