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IAN invests $200, 000 in fashion talent and tech startup 6Degree

Personal Styling Startup Purple Style raises Rs 3 cr from LetsVenture- mybigplunge


IAN invests $200, 000 in fashion talent and tech startup 6Degree

Indian Angel Network’s (IAN) latest investment is $200, 000 in a fashion talent and tech startup 6Degree, which offers a platform to bring together fashion and lifestyle enthusiasts and allows them to connect and collaborate.

Abhishek Agarwal, the lead investor for IAN’s latest investment who will also join the company’s board, believes that the fashion market in India is going to be huge in next 10 years.

“We have already seen Indian affluent consumers spending in Indian designer wears for their key functions and also prefers wearing international brands,” said Agarwal.

In an official statement, 6Degree has mentioned that it will use the proceeds to enhance its technology and to expand its reach. It also added that the venture also plans to expand its style services and launch enterprise solutions for fashion weeks.

Founded in 2014 by Nikhil Hegde and Amit Bhardwaj, 6Degree offers a platform that brings together members of fashion and lifestyle sector, such as, fashion designers, bloggers, brands, models and photographers. The platform allows them to connect and collaborate with new business opportunities, launch brands and showcase their creations.

Hegde, chief executive of 6Degree, said, “Fashion as a genre cannot be underrated and it is important to integrate technology with fashion. Our aim is to unite various domains of fashion and create one holistic group of like – minded people.”

According to 6Degree, it serves over 2,500 fashion professionals and counts fashion weeks, including Lakme Fashion Week, India Fashion Week London, Fashion Forward Dubai, among its clients.

IAN has already made over 10 investments in the current calendar year. In March, the angel investor network invested Rs 2 crore in robotic education provider SP Robotic Works, and a Rs 3.5 crore investment in Gurgaon-based carpooling app Orahi.

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  1. Pingback: Indian Angel Network invests in Mumbai-based fashion technology startup 6Degree

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