SUMMARY
Fashinza cofounder and chief business officer Jamil Ahmad has stepped down after a nearly four-year stint
Indicating the launch of his new venture, most likely in the real estate space, Ahmad said, “Something new is coming up”
Earlier, Ahmad worked with fashion marketplace Limeroad and video commerce company Bulbul, which was acquired by Good Glamm Group last year
AI-based B2B marketplace Fashinza’s cofounder and chief business officer Jamil Ahmad has stepped down after a nearly four-year stint, hinting at floating a new venture.
Announcing his exit on LinkedIn, Ahmad said, “As my last day at Fashinza rolls around, it feels like the end of an era… But fear not! Something big, global, and perfect for real estate aficionados is on the horizon.”
Indicating the launch of his new venture, Ahmad reiterated, “Something new is coming up.”
Founded by Ahmad, Pawan Gupta and Abhishek Sharma in 2020, Fashinza is a supply chain and marketplace platform for fashion brands and manufacturers.
The startup helps small and medium-sized enterprises digitise their production process using its mobile app and also connects clothing manufacturers with their supply chain partners.
Earlier, Ahmad had worked with fashion marketplace Limeroad and video commerce company Bulbul, which was acquired by Good Glamm Group last year.
Meanwhile, Fashinza counts Elevation, Westbridge Capital, Accel, Prosus Ventures and ADQ UAE among its marquee investors.
In March last year, the startup raised $30 Mn in a fresh funding round from Mars Growth Capital and Liquidity Group to expand its business across the US, Europe and the Gulf region.
Ahmad’s exit comes at a time when a number of Indian founders have been switching their tracks to join other companies, floating new ventures or assuming new roles within existing companies.
For instance, Teachmint’s cofounder and CTO Anshuman Kumar exited early last year to focus on his new venture Duolop.
In another example, cofounder of Zolostays, Akhil Sikri, stepped down from his operational role in the coliving startup to pursue a new entrepreneurial venture.
Other such names include ShareChat cofounders Bhanu Pratap Singh and Farid Ahsan, GoMechanic’s cofounders Rishabh Karwa and Nitin Rana, and Swiggy Dineout cofounder Vivek Kapoor.
