Fashion supply chain solution startup receives $2 million

VnExpressVnExpress29/11/2023


Providing technology solutions for fashion production and supply chain management, Inflow has just raised $2 million in capital.

Investors who participated in the seed round of this Vietnamese startup include AppWorks, 500 Global, January Capital, Spiral Ventures and Saison Capital. Founded in April 2022, Inflow is a fashion supply chain technology platform that helps brands source materials, select factories and manage production.

The company taps into the garment manufacturing advantages of Vietnam and Southeast Asia, while also seeing opportunities in providing solutions to supply chain challenges in terms of supplier transparency, project management capabilities from design to production.

A solution demonstration for Inflow visitors. Photo provided by the company.

A solution demonstration for Inflow visitors. Photo provided by the company.

The platform currently has more than 150 suppliers and vendors in Vietnam, helping brands cut sample production time to just 7 days, and complete entire orders to 45 days, with a minimum order of 50 products.

According to self-published information, Inflow achieved 15 times revenue growth in 2022. More than 80 fashion brands in Southeast Asia are using this platform for the entire manufacturing process.

Founder and CEO Le Khanh said the new capital will be invested in product development, design and research into new technologies for the supply chain and manufacturing. Their goal is to provide solutions for brands to further shorten the time to market for new designs to 30 days.

Jamie Lin, President and Partner of AppWorks, highly appreciated Inflow's leadership team, growth rate, and ability to open up a dynamic future for the fashion industry. This Taiwanese venture capital fund has a scale of 350 million USD, has invested in more than 1,000 startups including Uber, Lalamove, Shopback, and some Vietnamese names such as Tiki and Docosan.

500 Global Fund (USA) has invested in Airbnb, Canva, Reddit and Vietnamese startups such as Coolmate, ELSA, Ticketbox.

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