Fashion Entrepreneur Fund Ropes In Times Group Veteran Deepak Lamba As CEO
by Anne Florentyna · Inc42SUMMARY
- Fashion Entrepreneur Fund has roped in Worldwide Media’s head Deepak Lamba as its chief executive officer
- Lamba holds an overall experience of nearly two decades in the media industry working with renown brands such as Bloomberg and MTV Networks
- This new development comes after the firm roped in Dalmia Group Holdings’ chairman Gaurav Dalmia and filmmaker Karan Johar as its investors and promoters, in August
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Fashion Entrepreneur Fund, a platform which offers early stage investments and mentorship to fashion entrepreneurs, has roped in Deepak Lamba as its chief executive officer.
As per his LinkedIn profile, Lamba, most recently worked with the Times Group for about a decade, heading the Worldwide Media. Prior to that, he was the founder and chief executive of Times Strategic Solutions Ltd for more than 12 years, while also founding and heading the education business unit of Times of India Group, called Times Pro.
He holds an overall experience of nearly two decades in the media industry working with renown brands such as Bloomberg and MTV Networks too.
Vagish Pathak, chairman of the firm said, “With Deepak at the helm of the Fashion Entrepreneur Fund, we are poised to ignite innovation and drive sustainable growth in the industry, empowering visionary entrepreneurs to turn their dreams into reality.”
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Founded in 2021 by Sanjay Nigam and Raj Sarthak Nigam, the Fashion Entrepreneur Fund is a venture studio providing funds, platform and mentorship to fashion entrepreneurs.
This new development comes after the firm roped in Dalmia Group Holdings’ chairman Gaurav Dalmia and filmmaker Karan Johar as its investors and promoters, in August.
The Fund’s investor pool also counts the likes of Akshay Kumar, Ravi Jaipuria, Naveen Jindal, Vinod Dugar, and a few other business and entertainment personalities too.
Of the numerous D2C segments, fashion is positioned to hold the highest potential and the Indian fashion ecommerce market is projected to grow to $43.2 Bn by 2025, according to an Inc42 report.
Eyeing the attractive market opportunity, the firm claims to make its mark as the next unicorn in the fashion industry by 2028, through partnerships and investments.