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Virgio’s fast-fashion dream is over

TechCrunch

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.

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The Fashion Kingdom, an Egyptian fashion e-commerce startup, raises $2.6M in seed funding

TechCrunch

The Fashion Kingdom (TFK), an Egyptian e-commerce marketplace for fashion, beauty and home accessories items, announced today that it has raised $2.6 Antaki noticed a need for a platform that sold fashion products with fast deliveries, different payment methods, and a recommendation feature in Egypt. trillion in three years.

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Social commerce platform Maka raises $2.65M to simplify buying fashion and beauty products in Africa

TechCrunch

Maka, an African fashion and beauty e-commerce platform, has raised a $2.65 million pre-seed round led by Pan-African venture capital firms 4DX Ventures and Janngo Capital. Other investors include Palm Drive Capital, angel investor Jonathan Shipman, founder of EVP and Twitch founding member, and executives from delivery platform Wolt.

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Luxury fashion meets blockchain on Syky, the Seven Seven Six-backed web3 platform

TechCrunch

Alice Delahunt believes the future of fashion is in web3 and created Syky (pronounced “psy-key”) to put the wheels in motion. It felt like there was potential for virtual fashion and digital fashion to really take off,” she told TechCrunch. “I I believe that the luxury fashion houses of tomorrow are being built today.”.

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NFTs could bridge video games and the fashion industry

TechCrunch

Non-fungible tokens (NFTs) offer new ways for consumers to collect, wear and trade fashion online, and now that most fashion shows have scaled back or gone virtual , they may become an important tool for the industry. Fashion designers like Schirin Negahbani are already creating NFTs that represent actual clothing.

Fashion 357
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Star-studded digital avatar startup Genies launches NFT fashion marketplace

TechCrunch

Now, The Warehouse is available to the general public, meaning users can download the Genies Studio app to create their own avatars and buy digital fashion items to dress them, Genies CEO and founder Akash Nigam told TechCrunch in an interview. An image of the Genies platform showcasing a fashion collection designed by creator Ian Charms.

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Curated Loop is ranging indie designer picks for an edgier take on fashion rentals

TechCrunch

Here’s a fashion rental startup with a twist: London, U.K.-based Curated Loop’s co-founders, Anna Caldana and Rachel Mcluckie, bring a background in (and passion for) fashion to what they hope will be badged as a fresh approach to designer rentals. So the promise is access to unique high-end designs. to rent the look).

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