# Smartchain Innovation Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smartchain-innovation-pvt

- Industry: Software
- Headquarters: Gurugram, India
- Website: www.fashinza.com
- Total disclosed funding: $85M
- Latest round: Series B (May 17, 2022)
- Investors on record: 10

## About

Smartchain Innovation Pvt Ltd. operates a tech-enabled manufacturing platform tailored for the apparel industry, streamlining production processes for brands with efficient solutions.Founded in 2020 and headquartered in Gurugram, India, Smartchain Innovation Pvt Ltd. specializes in tech-enabled manufacturing for the apparel sector. The company has completed a total of 6 deals with its most recent deal occurring on March 28, 2023, when it raised USD 30 mn in a VENTURE DEBT round led by Mars Growth Capital. The total amount raised so far amounts to USD 60 mn. CEO Pawan Gupta is among the founders, which also include Abhishek Sharma, Ankur Dua, Anshit Agrawal, Ayush Burnwal, Pranay Boobna, Praveena Mocherla, and Saloni Acharya.Fashinza operates as a tech-enabled manufacturing platform focused on the apparel industry, providing comprehensive solutions for American brands to streamline their production processes. The main offerings include end-to-end production management, real-time tracking of orders, and AI-powered supplier profiling. Brands can create customized designs and tech packs, ensuring fast turnaround times as low as 30 days. The platform caters to over 100 American brands across various sectors, including apparel and home furnishings, by enabling direct communication with vetted suppliers and optimizing the supply chain for efficiency and sustainability. Fashinza's geographical reach includes key markets such as the United States, India, and the UAE.In the most recent year, 2023, Smartchain Innovation Pvt Ltd. reported a revenue of USD 233,386.10 and an EBITDA of USD -288,309.20. The company generates revenue through a B2B model, partnering with brands for the manufacturing of apparel and home furnishing products. The transaction structure includes contractual agreements where brands pay for services involving design, production, and logistics support, offered through subscription models or project-based pricing. Fashinza's offerings include smart factory solutions and data-driven quality control systems, enhancing production efficiency.Following the recent funding round on March 28, 2023, where Smartchain Innovation Pvt Ltd. raised USD 30 mn, the company plans to use this capital to expand its operations across the US, Gulf, and European markets. This growth strategy includes the launch of new products designed to enhance the manufacturing experience. The company aims to enter these new markets by leveraging its technological capabilities to meet regional demands.

## Funding rounds

- Series B, May 17, 2022, $60M — Accel, WestBridge Capital Partners, Elevation Capital, Prosus Ventures, ADQ
- Series A, Aug 2, 2021, $20M — Accel, Elevation Capital, Alteria Capital, Stride Ventures, TradeCred, DisruptAD
- Seed, Jan 20, 2021, $2.6M — Accel, Elevation Capital
- Seed, Apr 6, 2020, $2.6M — Accel, Vistra ITCL, Elevation Capital

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B
- Vistra ITCL — Seed
- Elevation Capital — Seed, Series A, Series B
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series A
- Stride Ventures — Series A
- TradeCred — Series A
- DisruptAD (https://capitalatlas.ai/funds/disruptad) — Series A
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series B
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series B
- ADQ — Series B