Vietnamese fashion supply chain management start-up secures $2mn investment
Saturday, December 02, 2023, 11:58 GMT+7
Vietnamese fashion supply chain platform Inflow has secured US$2 million in a seed funding round from AppWorks, 500 Global, January Capital, Spiral Ventures, and Saison Capital.
The start-up said it will invest the capital in designing research and development and developing new technologies for supply chain and manufacturing, Tech in Asia reported.
Headquartered in Ho Chi Minh City, Inflow is a tech-driven sourcing and manufacturing platform.
It provides fashion brands of all sizes with tools and technologies to simplify the sourcing and manufacturing process and speed up time to market.
Inflow taps into the garment production advantages of Vietnam and Southeast Asia while solving critical supply chain challenges in the fashion industry, such as opaque supplier networks and inefficient project management of the design-to-production cycle.
According to the company, the platform offers full visibility into the supply chain, from inventory forecasts to data-driven factory matching to merchandise management, all accessible through a user-friendly dashboard with real-time tracking.
Its production network includes over 150 manufacturers and suppliers in Vietnam.
Inflow’s platform and factory matching help reduce sample production to a rapid seven-day process with a 45-day turnaround for a wide range of fabrics and designs.
The solution also supports flexible small-batch orders with low minimum order quantities (MOQs) starting from 50 units, allowing brands to scale production based on market response, reduce design-to-production cycles from months to weeks, and prevent wastage that comes with large MOQs.
The company plans to use a portion of the capital raised to enhance its product offerings to help brands rapidly bring new designs to market within 30 days at minimum order quantities of 50 pieces.
Last year, Inflow claims to have grown its revenue over 15 times.
The enterprise said it currently has over 80 fashion brand partners across Southeast Asia.
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