Gaurav Dalmia and Karan Johar join Fashion Entrepreneur Fund as investors
FEF, an initiative by the India Fashion Awards, aims to nurture a collaborative ecosystem within the fashion industry
The Fashion Entrepreneur Fund (FEF), India’s first venture studio dedicated to the fashion sector, welcomes Gaurav Dalmia, and Karan Johar, Indian filmmaker , Chairman of Dalmia Group Holding, as an investor and promoter.
FEF, an initiative by the India Fashion Awards, aims to nurture a collaborative ecosystem within the fashion industry. After Indian business magnate Ravi Jaipuria joining FEF, the partnership with Dalmia and Johar is set to enhance support for emerging fashion entrepreneurs, leveraging their extensive experience, expertise, and networks to guide startups and budding entrepreneurs toward achieving their goals.
Dalmia shared his thoughts on the engagement, “Joining FEF is in line with my vision of encouraging innovation and entrepreneurship in India. The rising number of homegrown brands with national and international potential is impressive. We aim to scale these businesses nationally and internationally by providing strategic mentorship and the right resources.”
Dalmia and Johar share a vision of transforming the fashion industry by addressing the challenges faced by millions of professionals in the sector. They identified a critical gap in the support system for fashion entrepreneurs and saw FEF as the solution.
Johar shared the potential growth opportunities this collaboration can bring, “Fashion is an ever-evolving industry, and I am excited to embark on this journey with FEF. The growing popularity of homegrown ventures showcases the incredible talent within India and highlights a shift towards embracing our unique style. My objective is to bring trends to the forefront, supporting these brands as they captivate audiences globally.”
Ravi Jaipuria shared, “Together, we are poised to drive innovation, support emerging talent, and shape the future of the fashion industry with pioneering initiatives and creative partnerships.”
Vagish Pathak, Chairman, and Sanjay Nigam, Founder of Fashion Entrepreneur Fund, warmly welcomed the distinguished pioneers, saying, “Having Gaurav Dalmia and Karan Johar join FEF is a tremendous boost for us. Our mission is to create a vibrant ecosystem where fashion dreams can flourish into successful enterprises. With these two stalwarts joining us, we are poised to accelerate this mission and reach new heights.”
(Partnered Content)