Fashion tech brand ANNY secures seed funding led by FAAD Capital
Fashion tech company ANNY announced that it has closed its seed funding round, led by FAAD Capital.
The brand was founded in 2023 by Japjot Singh (Founder and CEO), Aveen Kaur (Co-Founder and COO), and Rahul Tanwar (Co-Founder and CTO). The company says that the seed funding will accelerate ANNY’s expansion, enabling investments in AI-driven technology for real-time trend adaptation, supply chain advancements, and top-tier talent acquisition.
“With FAAD’s support, ANNY is poised to become the go-to fashion brand for women, offering stylish, accessible options for every occasion,” said Japjot Singh, Founder and CEO of ANNY, in a statement. “We’re excited to soon launch our mobile app and open our first physical store in early 2025, enhancing accessibility and convenience for our customers.”
“We’re thrilled to lead ANNY’s seed funding round,” said Karan Verma, Co-Founder and Director of FAAD Capital. “ANNY’s innovative use of AI and consumer-first approach sets it apart in fashion tech, and we believe in the founders’ vision of making high-quality, affordable fashion accessible to all women.”
Meanwhile, ANNY plans to introduce over 500 new products each month, ensuring its collections remain fresh, exciting, and on-trend.
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