Fashinza cofounder Pawan Gupta quit as revenue fell from ₹33 crore to ₹6 crore

Fashinza is a Gurugram-based B2B apparel manufacturing and supply chain platform connecting fashion brands with manufacturers.

More than $120M raised from investors including WestBridge Capital, Prosus, Accel, Elevation Capital and Naval Ravikant

Gupta and Sharma founded Fashinza in 2020; Gupta served as CEO before transitioning out of the role, and the startup raised more than $120 million from WestBridge Capital, Prosus, Accel, Elevation Capital and Naval Ravikant, among others.

The company faced operational and business challenges: gross merchandise value stagnated amid weaker demand and multiple senior-level exits, and the business model was restructured several times. Revenue declined from ₹33 crore in FY22 to ₹6 crore in FY25 — though it turned a ₹1 crore profit in FY25 after a ₹5 crore loss in FY22. It had also acquired rival Qckin as part of efforts to expand operations and improve profitability.

Gupta exited in May 2026, confirmed as a personal decision 'not linked to the company's business performance'; per Moneycontrol he is exploring opportunities in the AI space. Abhishek Sharma continues as sole founder and CEO.

The numbers tell both stories at once: revenue down roughly 80%, yet the first profit — a shrunken, surviving company.

The cofounder's next act (AI ventures) and the official 'personal decision' line are both on the record.

A documented senior-exit pattern: GMV stagnation, multiple departures, then a founder.

A cofounder exit at a shrunken startup is a fork: read it as failure, or as the cost of rebuilding to profitability at a fraction of the old revenue.

As of the report, Abhishek Sharma ran Fashinza as sole founder-CEO of a profitable-but-smaller business (₹6 crore revenue, ₹1 crore profit in FY25); Gupta was exploring AI opportunities.