Fashinza raises $20 million in funding from Accel Partners, Elevation Capital, others

B2B manufacturing marketplace Fashinza on Monday said it has raised $20 million (about Rs 148.6 crore) in funding from investors, including Accel Partners, Elevation Capital and actress Sonam Kapoor Ahuja. The series A round, a mix of equity and debt, also saw participation from Abu Dhabi’s DisruptAD, Stride Ventures, Alteria Capital, Tradecred and Anand S Ahuja (MD, Shahi Exports), a statement said.

The funds will be utilised to invest in supply-chain technology, and expand the company’s presence and manufacturers’ base globally, especially in the US and the Middle East, it added.