Source: Economic Times, 22 November 2021
UK-based SupplyCompass said it plans to onboard 5,000 fashion brands and their supply chains in India over the next year.
The company, which helps fashion brands collaborate with their manufacturers and drive sustainable practices, is also aggressively hiring with plans to increase their workforce by 200 in the next 12 -18 months.
SupplyCompass aims to make India a strategic hub for its operations to expand its presence further in South East Asian economies, it said.
“For us, India is of high strategic importance. It is already emerging as one of the fastest-growing fashion markets in the world as more global brands gear up for India’s launch. This is likely to create a ripple effect on the manufacturing side of the business too. We anticipate ‘Make in India’ and Atmanirbhar Bharat to give momentum to India’s fashion and textile landscape making India, the most important market for SupplyCompass,” said Gus Bartholomew, co-founder and CEO, SupplyCompass.
Their supply chain collaboration software was launched in January 2020 and releases new features every 4-6 weeks. SupplyCompass works with fast-growing brands across the world and their software has been deployed across supply chains in Europe, America, and Asia. They are backed by some of Europe and India’s leading venture capital firms and have raised £2.5 million in funding to date.
The company was started in 2016 by Gus Bartholomew and Flora Davidson, who spent two years in India to build the business on the ground on research and met more than 300 manufacturers and suppliers. SupplyCompass has built a tech platform that enables real-time collaboration between fashion brands and manufacturers for bringing collections to the markets faster without compromising the quality of the end product.