GenZ-focused fast fashion brand Newme raises $5.4 million funding

Bengaluru-based Newme has raised $5.4 million in a seed funding round led by Fireside Ventures, Aum Ventures, 2am VC, and All In Capital. The startup caters specifically to Gen Z, those born between the mid-to-late 1990s and the early 2010s. It leverages technology and the expertise of four designers to increase its ability to create 500 designs per week.