NewsTeam4/5/2025
Startup Mahakumbh, a landmark gathering of entrepreneurs, investors, and thought leaders, served as the ideal platform for FEF to spotlight the urgent need for innovation in fashion—an industry often seen as discretionary but in reality, a key contributor to India’s economy and employment.
“It is an absolute pleasure to speak today about something at the core of the Fashion Entrepreneur Fund—innovation in fashion startups. Fashion is not indulgence; it’s impact. From sustainability to employment to tech-driven efficiency, innovation in this sector is critical for India’s growth story,” said Sanjay Nigam, Founder, FEF. “The global fashion industry is valued at over $2.5 trillion, with India’s fashion sector alone expected to reach $115 billion by 2025. With over 45 million Indians employed in the sector and 13% of the nation’s exports driven by fashion, there is tremendous potential for startups to solve real challenges sustainability, inefficiency, and employment generation” said Puneet Malhotra COO, FEF.At Startup Mahakumbh, FEF showcased how its portfolio of forward-thinking fashion brands are tackling these issues head-on whether through circular economy models, AI-powered personalization, virtual try-ons, or blockchain-led transparency in textile supply chains. FEF acts as an end-to-end growth partner, offering startups: