Online fashion startup 6Degree raises $200K from Indian Angel Network

Mumbai-based Protinus Fashion Networking Pvt. Ltd, a fashion technology company that operates as 6Degree, has raised about $200,000 in funding from the Indian Angel Network (IAN).

Abhishek Agarwal, the lead investor from IAN, will be joining the company’s board.

The company had raised an undisclosed amount in seed funding from Centre For Incubation and Business Acceleration (CIBA), Goa, in 2015.

The company, founded in 2014 by Amit Bhardwaj and Nikhil Hedge, is looking to allocate the funds to enhance technology, expand reach and launch tech solutions for fashion events.

“The fashion market in India is going to be huge in the next 10 years. We have already seen affluent Indian consumers spending on Indian designer wear for key functions and also preferring to wear international brands. 6Degree’s collaborations with both fashioner designer and fashion week is unique in nature. In addition, their upcoming tech platform will bring efficiency to the system,” said Agarwal.

6Degree allows professionals from the fashion ecosystem to connect and collaborate with new business opportunities, launch brands and showcase their creations. It clocked revenues around Rs.1 crore last year. The business already serves over 2,500 fashion professionals.

This story was first published on livemint.com

 

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.