Pawan Gupta, co-founder and former CEO of Gurugram-based B2B fashion supply chain startup Fashinza has left the company.
According to sources, he is now exploring new opportunities as Fashinza faces difficulties in meeting its expected business goals and performance targets.
“Fashinza’s business has fundamentally changed in shape and form from its original vision…there was no space for two co-founders to stay on now,” one of the persons cited above said. “Pawan is more of a product guy, it made no sense for him to continue running a manufacturing company when it came down to a choice between the two remaining co-founders.”
“Yes, he became non-operational in Fashinza. Pawan wanted to pursue a new venture in the AI space. The decision was entirely personal and not related to Fashinza’s business performance. Given that the company had reached profitability and strong operational stability, it felt like the right time for him to explore a new opportunity. The exit has been fully amicable,” Abhishek Sharma, CEO and founder said in response to queries.
Fashinza, a B2B fashion supply chain startup, has raised more than $120 million from investors such as WestBridge Capital, Prosus, Accel, Elevation Capital, and angel investor Naval Ravikant.
The company was founded in 2020 by Pawan Gupta and Abhishek Sharma. Later, Jamil Ahmad was promoted to the role of co-founder and Chief Business Officer (CBO).
Following recent leadership changes and Pawan Gupta’s exit, Abhishek Sharma is now the only original founder remaining at Fashinza and has taken over as the company’s CEO.
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