Fashinza, the AI-driven B2B marketplace and real-time global supply chain platform for fashion brands and retailers, announced the appointment of Sumit Saxena as the company’s first President of Revenue and Strategy. The appointment comes after a USD $100M Series B announcement and business growth of 10x crossing $150 million in annualized GMV run rate.
Saxena will lead Fashinza’s European market operational and business growth. He joins the company after running the global business at FarEye where his leadership resulted in higher profitability and high customer retention for the company. As a core member he helped build the business in India, GCC, Asia Pacific, Europe, Middle East and Africa from the ground up.
What were the executives’ thoughts on the appointment?
“Staying true to our recent funding announcement roadmap, working with Sumit means we can continue to refine our supply chain technology and grow into these new markets, along with our tremendous growth in the U.S,” says Abhishek Sharma, co-founder of Fashinza.
“We know the current experience for B2B apparel manufacturing is broken and we are hyper-focused on a tech-driven solution that offers control — Sumit will continue to lead us there.”
With over 14 years of executive leadership expertise, Saxena will help to expand Fashinza’s customer base across key European markets, lead all aspects of global business operations and fuel the company’s continued revenue growth. “We welcome Sumit Saxena as President of Revenue and Strategy and Fashinza,” says Pawan Gupta, CEO and co-founder of Fashinza.
“He is joining us at the right stage in our growth and brings a specialized blend of leadership, customer retention strategy and market expansion experience to the team. Sumit’s prior startup success is invaluable and key to our growth in the UK and European markets.”
What were Saxena’s thoughts on his new role?
“Fashinza is an innovator in the B2B supply chain marketplace sector that has catapulted to success in a short time. Given the state of the world’s supply chain issues, there is no better time to find a better way to do things. It’s exciting to join a team that focuses on ‘design to delivery,’ and I look forward to helping solidify their presence as a global player,” said Saxena.
Fashinza has over 250 manufacturers that serve 300+ brands in 6 countries, including the US, Canada, UAE, and India. For additional information, please visit: www.fashinza.com.