Fashion Entrepreneur Fund receives key investments from Ravi Jaipuria and Akshay Kumar

The Fashion Entrepreneur Fund has received key investments from entrepreneur Ravi Jaipuria and Bollywood celebrity Akshay Kumar to bolster its efforts to foster innovation in fashion. Both investors will also offer their expertise and insights to the initiative.

“I’m thrilled to collaborate with the Fashion Entrepreneur Fund,” said Ravi Jaipuria in a press release. “The fashion industry in India holds immense untapped potential, and I am confident that FEF offers an ideal platform to nurture and showcase this talent. Fashion, beyond its allure, is a formidable industry and 4.5 crore fashion enthusiasts in India are facing lack of funds to kickstart their businesses. Having seen the transformativepower of entrepreneurship across various sectors, I believe FEF is uniquely positioned to drive a new wave of innovation and investment within the Indian fashion landscape, empowering the next generation of entrepreneurs to shape the future of fashion.”
 
While Jaipuria will lend his strategic insight and philanthropic vision to the Fashion Entrepreneur Fund, Kumar aims to give back to the community with this venture. The Fashion Entrepreneur Fund plans to use the investments to support both young entrepreneurs and the government’s Make in India initiative.
 
“I’m incredibly excited to join forces with the Fashion Entrepreneur Fund,” said Akshay Kumar. “The fashion industry in India is brimming with untapped potential, and I believe FEF provides the perfect platform to nurture and showcase this talent. I have been closely associated with the fashion industry and strongly believe that given an opportunity, our fashion creators can rule on the global stage. Fashion, beyond the glitz and glamour, is a powerful force. Having witnessed the transformative power of entrepreneurship inother sectors, I believe FEF is well-positioned to unlock a new wave of innovation within the Indian fashion industry.”
 
The Fashion Entrepreneur Fund aims to promote a collaborative ecosystem within the fashion industry. Designed to cultivate innovation and entrepreneurship, the fund will invest an initial amount of Rs 20 crore in the fashion industry.
 
“Having Mr. Ravi Jaipuria and Mr. Akshay Kumar on board is a tremendous boost for the Fashion Entrepreneur Fund,” said Fashion Entrepreneur Fund founder Sanjay Nigam and chairman Vagish Pathak in a joint statement. “Our mission is to create a vibrant ecosystem where fashion dreams can flourish into successful enterprises. With these two stalwarts joining us, we are poised to accelerate this mission and reach new heights. Mr. Jaipuria’s extensive experience in fostering entrepreneurship and Mr. Kumar’s passion for innovation align perfectly with our goals. With their support, we are confident that FEF will become the go-to platform for fashion entrepreneurs in India, providing them with the investment, resources, and mentorship they need to succeed.”