Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. “The fast fashion brand that you have come to love is no longer available,” Virgio says on its website. […]
Prosus-backed fast-fashion startup Virgio, valued at $161 million, to shut down
Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. “The fast fashion brand that you have come to love is no longer available,” Virgio says on its website. […]
Oct 8, 2023
Virgio’s fast-fashion dream is over
Fast-fashion startup Virgio, founded by former Myntra chief, is contemplating shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the matter. The startup, whose platform has struggled to make inroads and which over the weekend said its eponymous platform […]
Oct 8, 2023
Deal Dive: It’s time for VCs to break up with fast fashion
VCs have long supported fast-fashion companies but the controversies andnlawsuits they draw makes them riskier investments.
Feb 3, 2024
Lightspeed backs Indian startup Zyod aiming to make apparel manufacturing more efficient
Zyod, an Indian startup offering apparel sourcing and manufacturing to fashion brands globally, has raised $3.5 million in a seed funding led by Lightspeed Venture India Partners. As the e-commerce sector makes inroads, consumers are finding increasing convenience in purchasing clothes online. However, fashion brands continue to grapple with the challenges of sourcing and producing […]
Apr 3, 2023