Pawan Gupta, co-founder and former CEO of Fashinza, has exited the company, according to reports.
As per Moneycontrol, Gupta has stepped away from day-to-day involvement and is currently exploring opportunities in the artificial intelligence sector.
Following his departure, Abhishek Sharma will continue as the sole founder and CEO of the Gurugram-based startup. Fashinza confirmed the development and stated that Gupta’s decision to leave was personal and unrelated to the company’s operational performance.
Founded in 2020, Fashinza operates a B2B apparel manufacturing and supply chain platform that connects fashion brands with manufacturers. The startup gained significant investor attention during the peak funding cycle and has raised more than $120 million from investors including WestBridge Capital, Prosus, Accel, Elevation Capital, and angel investor Naval Ravikant.
Over the past few years, however, the company has faced operational and market challenges amid weaker global demand in the fashion and apparel segment. Reports had earlier suggested stagnation in gross merchandise value (GMV), leadership churn, and multiple restructuring efforts aimed at improving sustainability and margins.
Financially, Fashinza’s revenue declined sharply from ₹33 crore in FY22 to ₹6 crore in FY25. Despite the fall in scale, the company managed to improve its bottom line, reporting a ₹1 crore profit in FY25, compared to a ₹5 crore loss in FY22.
The startup had also acquired rival Qckin as part of its broader efforts to consolidate operations and improve profitability.
Gupta’s exit comes at a time when several startup founders and senior executives across India’s tech ecosystem are increasingly pivoting toward AI-focused ventures, reflecting the sector’s growing momentum and investor interest.
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