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Fashion is hard

Virigo's founder is ex-Myntra CEO. Just goes to show how difficult it is to get the PMF right in cut throat world of fashion.

Fashinza, Virgio have initiated a process to return funds raised over the years to marquee investors like Accel and Prosus Ventures

https://inc42.com/buzz/fashinza-virgio-to-return-investor-money-after-new-business-models-failed-to-take-off/

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BiryaniEnthu

Stealth

6 months ago

Fashion is hard. They are trying to add tech to age old manufacturing labour intensive setups. So much of it happens on network and relationships, that there isn't much scope for change unless you pump a LOT of money
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Qwerty2398

Stealth

6 months ago

Fashion is not hard. It's just overcrowded. Do they really believe that people will start buying clothes just because you put in on a website?;These businesses have not started to be profitable. But to raise funds and make money out of it.
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BiryaniEnthu

Stealth

6 months ago

I'm sure you must have read what these companies do. Do not compare them with ecom players.
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Who1

Stealth

6 months ago

Anybody remember Zilingo?
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