Fashinza: Changes in Leadership and Future Plans

Fashinza, a B2B fashion supply chain startup based in Gurugram, has recently witnessed a leadership shift with co-founder and former CEO Pawan Gupta stepping down from his role. Following reports from Moneycontrol, Gupta has decided to pursue new ventures in the artificial intelligence sector. In light of this change, Abhishek Sharma will take over as the sole founder and CEO of Fashinza going forward.

The company has confirmed this transition, noting that Gupta’s departure was a personal choice and not tied to the firm’s business performance. Launched in 2020 by Gupta and Sharma, Fashinza operates a platform that connects brands with manufacturers in the B2B apparel market.

Investment and Operational Challenges

Fashinza has successfully raised over $120 million in funding from notable investors such as WestBridge Capital, Prosus, Accel, Elevation Capital, and Naval Ravikant. However, the company has encountered various operational and business hurdles over the past few years. Previous reports indicated a stagnation in Fashinza’s gross merchandise value, attributed to declining demand and multiple senior-level exits.

Business Model Restructuring and Financial Performance

During this challenging period, Fashinza undertook several restructurings of its business model. Financially, the company’s revenue saw a decrease from Rs 33 crore in FY22 to Rs 6 crore in FY25. On a positive note, Fashinza reported a profit of Rs 1 crore in FY25, markedly improved from a loss of Rs 5 crore in FY22. Additionally, the company acquired rival Qckin as part of its strategy to enhance operations and boost profitability.