Fashinza sees leadership transition as co-founder Pawan Gupta exits
Under his leadership, the company has secured more than $120 million in funding from investors including WestBridge Capital, Prosus, Accel, Elevation Capital, and Naval Ravikant.
B2B fashion manufacturing startup Fashinza has witnessed a key leadership change with co-founder Pawan Gupta stepping away from the company. Gupta is reportedly exploring opportunities in the artificial intelligence sector after leaving the Gurugram-based firm.
Following the move, Abhishek Sharma will continue to lead the company as founder and CEO. Fashinza stated that Gupta’s departure was driven by personal reasons and was unrelated to the startup’s operational performance.
Founded in 2020 by Pawan Gupta and Abhishek Sharma, Fashinza operates a tech-enabled apparel sourcing and supply chain platform that connects fashion brands with manufacturing partners. The company has secured more than $120 million in funding from investors including WestBridge Capital, Prosus, Accel, Elevation Capital, and Naval Ravikant.
Over the past few years, the startup has gone through multiple strategic adjustments amid changing market conditions. Industry reports had earlier highlighted slowing GMV growth, senior management departures, and several business restructuring efforts as the company worked toward improving operational efficiency.
Financially, Fashinza reported revenue of Rs 6 crore in FY25, down from Rs 33 crore in FY22. Despite the decline in topline, the company posted a profit of Rs 1 crore in FY25 compared to a loss of Rs 5 crore in FY22, indicating a stronger focus on profitability and leaner operations.
As part of its expansion and consolidation strategy, Fashinza had also acquired rival Qckin to strengthen its presence in the apparel supply chain segment.