HO CHI MINH – Vietnamese secondhand fashion start-up Piktina has secured US$1 million in funding from native venture capital firm Touchstone Partners.
The finances are expected to be used to further develop the former’s online marketplace, which has amassed thousands of users since its inception earlier this year.
“We’re excited to have Touchstone Partners as our initial investor as they share our values of creating solutions that promote sustainability and making our community a better place to live in. We appreciate the confidence they have in our vision and the guidance they can provide as we scale up Piktina.”, said Nguyen Hoang Phuong, Piktina’s founder and CEO.
Already have an account? Log In
Recommended
Most Popular
Latest Magazine
Features
Why China’s new wastewater standard is only one part of a broader shift spanning environmental law
As Brussels switches on its product passport registry, fashion’s supply chain data gaps threaten a bumpy rollout
As green claims face closer regulatory scrutiny liability no longer sits solely with the brands
News
Preview of our Textile Standards & Legislation Guide
China’s strengthened rules make officials personally accountable for serious environmental damage
New process to strip reactive dyes from cotton could benefit textile-to-textile recycling
Opinion
European factory closures show costs, geography and demand decide which materials survive
Other publications from MCL News & Media
