Fashinza co-founder Pawan Gupta exits as revenue collapses from Rs 33 cr to Rs 6 cr
Co-founder and former CEO Pawan Gupta has quit Gurugram-based B2B apparel supply chain startup Fashinza to pursue AI, leaving Abhishek Sharma as sole CEO. The $120M-funded venture, backed by WestBridge, Prosus, Accel and Elevation, saw revenue crash to Rs 6 cr in FY25 from Rs 33 cr in FY22, though it swung to a Rs 1 cr profit.
What happened
Fashinza co-founder and former CEO Pawan Gupta has exited the B2B apparel supply chain startup to explore AI opportunities, leaving Abhishek Sharma as sole CEO.
Key facts
- $120 million raised
- Revenue Rs 33 cr FY22 to Rs 6 cr FY25
- Profit Rs 1 cr FY25
- Loss Rs 5 cr FY22
Why this matters
Fashinza is now a distressed acquisition candidate with marquee backers, a slimmed cost base, and a weakened negotiating position following the co-founder exit.