Ravi Jaipuria and Akshay Kumar invest in Fashion Entrepreneur Fund
26 July 2024, Mumbai
The Fashion Entrepreneur Fund (FEF) has secured significant investments from entrepreneur Ravi Jaipuria and Bollywood star Akshay Kumar to drive innovation in India's fashion industry. Both investors will also provide their expertise to support the initiative.
Ravi Jaipuria expressed his excitement about collaborating with the Fashion Entrepreneur Fund, highlighting the immense untapped potential of India's fashion industry. He believes FEF provides an ideal platform to nurture and showcase talent, particularly for the 4.5 crore fashion enthusiasts who lack the funds to start their businesses. Jaipuria is confident that FEF is uniquely positioned to drive a new wave of innovation and investment, empowering the next generation of entrepreneurs to shape the future of fashion.
Akshay Kumar, eager to give back to the community, emphasized that the fashion industry in India is brimming with potential, and FEF offers the perfect platform to nurture and showcase this talent. He believes that given the opportunity, Indian fashion creators can excel globally and that FEF is well-positioned to unlock a new wave of innovation within the Indian fashion industry.
The Fashion Entrepreneur Fund plans to invest Rs 20 crore to support young entrepreneurs and align with the government’s Make in India initiative.
According to founder Sanjay Nigam and chairmanVagish Pathak, having Ravi Jaipuria and Akshay Kumar on board is a tremendous boost for the Fashion Entrepreneur Fund. Their support will contribute to creating a vibrant ecosystem where fashion dreams can flourish into successful enterprises.
