The Fashion Entrepreneur Fund, a platform providing early-stage investments and mentorship to fashion entrepreneurs, has brought on board Gaurav Dalmia, chairman of Dalmia Group Holdings, as both an investor and promoter.
The Fashion Entrepreneur Fund (FEF) said in a statement that Dalmia will support the organization’s goal of developing and assisting up-and-coming fashion companies.
In a joint statement, FEF founder Sanjay Nigam and chairman Vagish Pathak stated that their goal is to build a thriving ecosystem that would enable fashion fantasies to blossom into profitable businesses.
Dalmia’s expertise and extensive connections will be crucial in engaging with fashion brands and entrepreneurs. With his backing, we are confident that FEF will become the premier platform for fashion entrepreneurs in India, offering the investment, resources, and mentorship necessary for their success,” they said.
“Joining FEF is in line with my vision of promoting innovation and entrepreneurship in India,” stated Dalmia. The Fashion Entrepreneur Fund offers a special chance to develop and advance this talent.
To support people in the fashion industry, FEF would first invest INR 20 crore.
Bollywood star Akshay Kumar and RJ Corp chairman Ravi Jaipuria are said to have contributed to the fund last month.
According to reports, FEF debuted an OTT web series in March that enables fashion businesses to present concepts and get capital.
An Inc42 report indicates that India’s fashion e-commerce sector is projected to expand at a CAGR of 25%, reaching $112 billion by 2030. Within this market, the women’s apparel and accessories segment is anticipated to dominate, securing a significant 50% market share by 2030.
