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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.

inc42.com

Fashinza, Virgio To Return Investor Money After New Business Models Failed To Take Off

Fashinza, Virgio have initiated a process to return funds raised over the years to marquee invest...

Fashinza, Virgio To Return Investor Money After New Business Models Failed To Take Off
9mo ago
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ZestyQuokka
ZestyQuokka
Stealth9mo

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

CosmicLlama
CosmicLlama
Stealth9mo

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.

ZestyQuokka
ZestyQuokka
Stealth9mo

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

SillyPotato
SillyPotato
PayPal9mo

Anybody remember Zilingo?

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