Photo Courtesy: Lakmé Fashion Week Instagram
The latest fashion news in India is, the second edition of Circular Changemakers. The country's first investment readiness program for circular fashion start-ups organized by Intellecap’s Circular Apparel Innovation Factory (CAIF) in partnership with Circular Design Challenge -an initiative of Reliance Industries Ltd.’s R | Elan ‘Fashion For Earth’, United Nations Environment Programme, and Lakmé Fashion Week- has announced a shortlist of six start-ups. Continue reading to unearth the details!
The latest fashion news in India states that for the second edition, the platform received over 45 applications from innovators across packaging, fiber/yarn, rental & reuse business models, alternative materials, traceability, and wastewater treatment, and circular inclusive businesses. It is in the latest fashion news in India that six start-ups have been chosen to make pitches to an esteemed panel after having gone through a meticulous online enterprise Bootcamp to adjust their financial models, presentations, and business models.
The strategic partner and investor panel comprises veterans from across fields- Ms. Marieke Lenders, Head - Reweave Program, Enviu, Ms. Pinar Ademoglu, Investment Director, Sagana Capital, Ms. Disha Gandhi, Associate Director, Aavishkaar Capital, and Mr. Vineet Gautam, CEO, Bestseller India.
The six finalists- Phabio, BigThinx, Twirl Store, Infinichains, Paiwand Studio, and Desi Hangover will pitch their businesses to the renowned jury on October 22, Day 2 of Sustainable Fashion Day of Lakmé Fashion Week. All of these enterprises work at various segments of the value chain in an effort of making fashion circular.
Phabio makes PHA (Polyhydroxyalkanoates) pellets from organic waste and/or by-products. Phabio has created a sustainable loop that makes plastics that come from nature and goes back to nature.
Bigthinx is an Artificial Intelligence company operating in the $2.5 trillion fashion and retail industry, offering clothing size predictions, digital clothing, virtual avatars, virtual fashion shows, and 3D mobile body scanning, to solve problems of clothing look and fit, human body data, and e-commerce returns.
Twirl.store aims for a mission to ensure women empowerment, reduce cloth wastage, meet the clothing needs of the poor, and conserve natural resources.
InfiniChains® is a growing Blockchain-based technology company that helps brands connect with their users and build long-lasting trust through transparency.
Paiwand’s aim to create for longevity and circularity by making authentic up-cycled fabric and apparel by making employment opportunities for artisans, handloom weavers, and unskilled/semiskilled workers.
Desi Hangover’s mission is to be a conscious fashion, global sustainable brand that elevates underserved communities using the forces of capitalism for good.