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Inflow: Vietnamese Startup Revolutionizes Fashion Industry with $2M Funding
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Inflow, a Vietnamese fashion supply chain platform, aims to further revolutionize the country’s textile and garment industry. The startup company recently received $2 million in seed funding, aiming to further assist Vietnamese small fashion brands bring their designs to life. Explore the following report regarding how Inflow plans to change the game in the Vietnamese fashion supply chain.
Vietnamese Startup Company Inflow Secures $2 Million in Seed Funding
The Vietnamese fashion industry may soon expect another big game change from the supply chain platform, Inflow.
On November 28, international reports stated that the Vietnamese startup company had secured another 2 million USD of funding. This investment came from a seed funding round by various investors, including AppWorks, 500 Global, January Capital, Spiral Ventures, and Saison Capital.
Along with the good news, Inflow revealed that the startup company’s revenue has improved over 15 times. Not only that, but the platform itself is now actively collaborating with more than 80 fashion brands in Southeast Asia.
With the new funding, Inflow aims to further develop its technology, driving significant changes in the Vietnamese fashion industry.
A Startup Company that Bridges Small Brands with the Vietnamese Textile Industry
Over the last couple of years, Vietnam has been famous for its solid and competitive growth in the textile and garment industry. Unfortunately, due to various difficulties, small garment brands find it challenging to join and compete in the industry.
Inflow steps up as a mediator between small garment brands and manufacturing partners. The Vietnamese startup designs a revolutionary platform, allowing small brands to join the manufacturer’s supply chain. Additionally, it connects these brands with manufacturers who can handle smaller garment production quantities. This allows them to actively engage in Vietnam’s design-to-production process.
Inflow’s founder, Khan Le, has worked actively with the Vietnamese fashion industry for about 15 years. As she noticed that finding reliable manufacturing partners in Vietnam was a massive challenge for small brands, she decided to develop Inflow.
“When I searched for a factory in Vietnam, I found that the situation hadn’t changed in 15 years. Small brands still find it challenging to locate a dependable partner and utilize Vietnam’s production capabilities.
I wondered why such a promising opportunity was only accessible to large brands such as Nike, Adidas, and Uniqlo.”
– Khan Le, founder of Inflow.
Today, Inflow has successfully built a network of over 150 manufacturers and suppliers. The company now partners with brands that have managed to gain at least 200,000 USD in annual earnings.
The company emphasizes its restructured sample production process, now just seven days, with a full production cycle completed within 45 days. Additionally, the platform effectively supports small-scale orders, starting from a minimum of 50 units. This flexibility allows brands to adjust their production volumes based on product performance.
Ultimately, by providing inventory predictions, aligning them with suitable factories, and managing their merchandise, Inflow has empowered small brands to compete with bigger competitors.
Advancing New Technologies in Supply Chain and Manufacturing to Support Small Garment Brands
By securing the recent 2 million USD seed funding, the Vietnamese startup company plans to further improve their services. The startup will invest the seed funding in enhancing design research and development and in strengthening supply chain and manufacturing technologies.
In the future, Inflow aims to improve the supply chain process for small brands, allowing them to launch new designs in the market in just 30 days, with orders starting from as few as 50 units.
With this in mind, the Vietnamese startup is also looking to establish sales channels in advanced markets. They plan to build solid collaborations with fashion export companies in regions like the U.S. and Europe.
Responding to the recent funding for Inflow, 500 Global managing partner Vishal Harnal commented in an official statement. He believes that Inflow’s technology in the fashion supply chain will provide game-changing opportunities for Vietnam.
“The worldwide clothing industry, along with various other sectors, is shifting away from its heavy reliance on Chinese manufacturing.
Inflow’s technology in the fashion supply chain stands to harness this significant shift towards onshoring in Vietnam, offering a platform that is integrated, user-friendly, and capable of expanding.”
– Vishal Harnal, a managing partner at 500 Global.
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