Fashion tech brand ANNY, specialising in affordable, high-quality women’s fashion, has closed its seed funding round, led by FAAD Capital, with additional backing from prominent high-net-worth individuals and industry leaders. This funding is a crucial step in ANNY’s goal of making globally trending fashion accessible for every woman.
Founded in 2023 by Japjot Singh (Founder and CEO), Aveen Kaur (Co-Founder and COO), and Rahul Tanwar (Co-Founder and CTO), ANNY has seen significant growth, expanding nearly 8x over the past six months. The company oversees its supply chain from design to distribution, ensuring quality and efficiency. The newly acquired capital will support ANNY’s expansion plans, including investments in AI-driven technology for real-time trend adaptation, supply chain improvements, and recruitment of top talent.
“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 & CEO, ANNY.
He added “The company plans to launch its mobile app and open its first physical store in early 2025.”
Karan Verma, Co-Founder and Director of FAAD Capital, expressed enthusiasm for ANNY’s growth journey, stating, “We’re thrilled to lead ANNY’s seed funding round. ANNY’s innovative use of AI and consumer-first approach sets it apart in fashion tech.”
Looking ahead, ANNY aims to introduce over 500 new products each month to keep its collections fresh and on-trend. The brand has developed a proprietary Indian-specific size chart to ensure a better fit for diverse body types across the country.
About ANNY
Founded in 2023, ANNY is a cutting-edge real-time fashion tech company committed to making globally trending fashion accessible for everyone. Driven by the sentiment, “I don’t have anything to wear,” ANNY delivers a seamless shopping experience with high-quality, on-trend fashion that resonates with the modern woman.
