The India Fashion Awards unveils the website of its Fashion Entrepreneur Fund at the First Official Alliance Dinner, attended by luminaries like fashionpreneur Mr Sanjay Nigam, film director Mr Karan Johar, superstar Ranveer Singh, and industrialists Mr Samir Modi, Mr Sandeep Jain, and many more.

L-R Mr. Robin Raina, Mr. Samir Modi, Mr. Vagish Pathak, Mr. Karan Johar, Mr. Neeraj Singla, Mr. Sandeep Jain, Mr. Vinod Dugar, Mr. Sanjay Nigam & Mr. Abhishek Singh

It was a night of fashion entrepreneurship, and giants from the world of film and business. The India Fashion Awards (IFA), a distinguished non-profit organisation renowned for its commitment to the fashion industry, has proudly launched the website of the eagerly awaited Fashion Entrepreneur Fund (FEF) on September 3, 2023, at The Claridges in New Delhi.

Established by visionary fashionpreneur, Mr Sanjay Nigam, FEF's primary objective is to offer vital financial support and mentorship, fostering a collaborative and sustainable entrepreneurial ecosystem. This innovative venture studio is backed by the esteemed Indian film director, Mr Karan Johar and business luminaries from the fashion and business domain such as Mr Naveen Jindal, Mr Robin Raina, Mr JK Lalwani, Mr Sandeep Jain, Mr. Vagish Pathak, Ms Idha Pathak, Mr Vinod Dugar, Mr Gaurav Dalmia and Mr Samir Modi.

Mr Karan Johar launched the transformative Fashion Entrepreneur Fund's website, marking a groundbreaking initiative that empowers emerging fashion and lifestyle entrepreneurs with essential resources, investment, education, mentorship and networking during the inaugural 'Alliance Dinner' at The Claridges Hotels and Resorts in New Delhi.

L-R Mr. Samir Modi, Mr. Vagish Pathak and Mr. Karan Johar

“Young entrepreneurs in India's fashion and lifestyle realm are igniting a global movement, reshaping entire industries with their innovative ideas,” says Mr Karan Johar. “With this venture studio, we're not just writing cheques, we're writing success stories. By providing both financial support and essential mentorship, we're empowering the next generation to confidently make their mark with authenticity. It’s all about encouraging and nurturing fashion, which is truly a global force. Today, alongside Mr Vagish Pathak and Mr Jitendra Lalwani, we are not just celebrating fashion, but celebrating the entrepreneurs who dare dream big. As a board member of the Fashion Entrepreneur Fund, I am truly excited, to take this venture one step further, together with Sanjay Nigam, who is not just a friend to me, but like family to us, we are creating an ecosystem that will uplift the fashion and lifestyle industry like never before. I am incredibly enthusiastic about being a part of this vision aimed at propelling the industry to unprecedented heights. To all the budding trailblazers stepping onto the Indian business stage: Embrace your unique vision, infuse it with authenticity, and fearlessly sculpt a radiant future ahead.”

The inauguration ceremony of the Fashion Entrepreneur Fund website paved the way for a surge of exceptionallytalented individuals equipped with tools and knowledge to thrive in the industry. Bollywood supernova Ranveer Singh's enthusiastic presence electrified the event.

Additionally, FEF is thrilled to announce its groundbreaking initiative in fostering young entrepreneurial talent with the launch of an unprecedented OTT series. This initiative will invest ₹20 crore in fashion and lifestyle start-ups, which will be selected based on their business acumen and creativity, presented by the esteemed Mr. Karan Johar. It represents a significant milestone in FEF's mission, offering in-depth insights into the inspiring journeys of the finalists poised to redefine the landscape of fashion and lifestyle entrepreneurship. Through this initiative, FEF is not only celebrating individual achievements but also nurturing a vibrant community of fashion and lifestyle entrepreneurs uniquely positioned to shape and guide the future.

L-R Mr. Sanjay Nigam, Mr. Samir Modi and Mr. Robin Raina

“Let us remember that fashion is not just about what we wear; it's a reflection of our individuality, creativity and our commitment to sustainability,” says Mr. Vagish Pathak, Chairperson, Fashion Entrepreneur Fund. “Together, we embark on a journey where style meets purpose and our investments in the future of fashion and lifestyle will not only shape trends but also drive positive change in our world.”

L-R Mr. Sanjay Nigam and Mr. Sandeep Jain

“I feel deeply privileged to witness the convergence of creativity, innovation and limitless opportunities within the dynamic fashion and lifestyle industry,” says Mr. Sanjay Nigam. “The Fashion Entrepreneur Fund represents far more than a mere financial investment; it embodies an unwavering commitment to nurturing dreams and unlocking the potential of aspiring entrepreneurs. Through our comprehensive approach, we not only empower individuals but also possess the profound ability to reshape the very essence of the industry itself. Together, guided by our shared vision, we are poised to ignite an unprecedented wave of entrepreneurial spirit that will redefine the benchmark of success within the fashion realm. The journey ahead is exhilarating, and I am excited to see the transformative impact of the Fashion Entrepreneur Fund on the lives of those it touches.”

L-R Mr. Samir Modi, Ms. Alicia Kaur, Mr. Rohit Gandhi and Mr. Sanjay Nigam