logo
Newme seeks to engage students with Campus Challenge

Newme seeks to engage students with Campus Challenge

Fashion Network29-04-2025
Fashion-tech label Newme sought to engage Indian students and strengthen its links to technology and innovation with the roll out of its 'Campus Challenge' across 25 undergraduate colleges in India to challenge Gen Z to a nationwide hackathon.
'At Newme, we're building more than just a fashion brand- we're creating a movement where technology and Gen Z creativity come together to redefine the future of Indian fashion," said Newme's co-founder and CEO Sumit Jasoria in a press release. "With the Campus Challenge, our goal was to give young Indian talent a real-world opportunity to solve the next big challenges in fashion using tech-driven solutions. The ideas we saw were bold, entrepreneurial, and incredibly future-forward- a true reflection of how Newme, alongside this new generation, is revolutionising the Indian fashion landscape. We see so much energy across campuses that this case study opens new doors for talent to join the fashion world.'
The contest received entries from over 5,000 teams, with notable participation from institutions such as NIFT, SRCC, NMIMS, Lady Shri Ram College, Christ University and St. Xavier's. With the initiative, Newme aimed to combine creativity, technology, and youth-led innovation.
Seven finalist teams competed in the concluding round, with a total prize pool of Rs 10 lakh. The winner, Rasna from Lady Shri Ram College for Women, received Rs 5 lakh. The Consulting Sharks and Derivatives, both from Shaheed Sukhdev College of Business Studies, were awarded Rs 3 lakh and Rs 2 lakh respectively as first and second runners-up.
Held exclusively for undergraduate students, the challenge encouraged participants to explore themes such as AI-enabled shopping, digital-first fashion, sustainability, and product innovation. Finalists received mentorship, exposure to industry leaders, and an opportunity to pitch their ideas directly to Newme's leadership. The initiative forms part of Newme's broader strategy to foster youth engagement and build a tech-driven, innovation-led fashion ecosystem in India.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Viral brand Quince raises $200 million, hits $4.5 billion valuation
Viral brand Quince raises $200 million, hits $4.5 billion valuation

Fashion Network

time21 hours ago

  • Fashion Network

Viral brand Quince raises $200 million, hits $4.5 billion valuation

Home › News › Media Download Print Quince, the California-based brand gaining global buzz for its affordable luxury wardrobe essentials, has raised about $200 million in a new funding round, valuing the company at more than $4.5 billion. The label, which gained prominence on platforms like Instagram and TikTok, offers direct-to-consumer clothing and home goods at remarkably low prices, earning it a reputation as a disruptor in the accessible luxury space. Quince cashmere sweater, New York – Fall 2025 - Photo: Jeenah Moon / The Washington Post / Getty Images Iconiq Capital, the investment firm managing wealth for Silicon Valley elites including Mark Zuckerberg and Jack Dorsey, is reportedly leading the round, according to people familiar with the matter. The new valuation more than doubles Quince's previous worth—indicating strong investor confidence in the brand's business model and growth trajectory. Representatives for both Quince and Iconiq declined to comment. Launched in 2018, Quince has grown rapidly by offering products such as $50 cashmere sweaters, silk dresses, bedding, and even discounted caviar—delivered straight from factories. By cutting out traditional intermediaries and shipping directly to consumers, the brand keeps costs low while maintaining quality. The model is comparable to those used by Chinese e-commerce giants such as Temu and Shein, though Quince is positioned as more sustainable and direct-to-consumer, factory-to-door approach has earned it a dedicated fan base in the U.S. and beyond, particularly among millennial and Gen Z shoppers seeking both value and fundraising comes at a time when many direct-to-consumer brands are struggling to secure capital. Increased social media advertising costs and sluggish consumer spending have deterred private investment in the sector. However, sources say Quince's consistently strong revenue growth set it apart from competitors and attracted backers in a challenging this year, Quince raised $120 million in a Series C round led by Notable Capital and Wellington founded in 2011, has grown into one of the most prominent venture investors in Silicon Valley. In 2023, it raised $5.75 billion for its latest venture capital fund. Its involvement with Quince could further boost the brand's global profile as it scales operations and expands its product offering. with Bloomberg Copyright Bloomberg Tags : Fashion Ready-to-wear Fashion Media Business

Viral brand Quince raises $200 million, hits $4.5 billion valuation
Viral brand Quince raises $200 million, hits $4.5 billion valuation

Fashion Network

timea day ago

  • Fashion Network

Viral brand Quince raises $200 million, hits $4.5 billion valuation

Quince, the California-based brand gaining global buzz for its affordable luxury wardrobe essentials, has raised about $200 million in a new funding round, valuing the company at more than $4.5 billion. The label, which gained prominence on platforms like Instagram and TikTok, offers direct-to-consumer clothing and home goods at remarkably low prices, earning it a reputation as a disruptor in the accessible luxury space. Iconiq Capital, the investment firm managing wealth for Silicon Valley elites including Mark Zuckerberg and Jack Dorsey, is reportedly leading the round, according to people familiar with the matter. The new valuation more than doubles Quince's previous worth—indicating strong investor confidence in the brand's business model and growth trajectory. Representatives for both Quince and Iconiq declined to comment. Launched in 2018, Quince has grown rapidly by offering products such as $50 cashmere sweaters, silk dresses, bedding, and even discounted caviar—delivered straight from factories. By cutting out traditional intermediaries and shipping directly to consumers, the brand keeps costs low while maintaining quality. The model is comparable to those used by Chinese e-commerce giants such as Temu and Shein, though Quince is positioned as more sustainable and quality-focused. Its direct-to-consumer, factory-to-door approach has earned it a dedicated fan base in the U.S. and beyond, particularly among millennial and Gen Z shoppers seeking both value and style. The fundraising comes at a time when many direct-to-consumer brands are struggling to secure capital. Increased social media advertising costs and sluggish consumer spending have deterred private investment in the sector. However, sources say Quince's consistently strong revenue growth set it apart from competitors and attracted backers in a challenging market. Earlier this year, Quince raised $120 million in a Series C round led by Notable Capital and Wellington Management. Iconiq, founded in 2011, has grown into one of the most prominent venture investors in Silicon Valley. In 2023, it raised $5.75 billion for its latest venture capital fund. Its involvement with Quince could further boost the brand's global profile as it scales operations and expands its product offering.

Viral brand Quince raises $200 million, hits $4.5 billion valuation
Viral brand Quince raises $200 million, hits $4.5 billion valuation

Fashion Network

timea day ago

  • Fashion Network

Viral brand Quince raises $200 million, hits $4.5 billion valuation

Launched in 2018, Quince has grown rapidly by offering products such as $50 cashmere sweaters, silk dresses, bedding, and even discounted caviar—delivered straight from factories. By cutting out traditional intermediaries and shipping directly to consumers, the brand keeps costs low while maintaining quality. The model is comparable to those used by Chinese e-commerce giants such as Temu and Shein, though Quince is positioned as more sustainable and quality-focused. Its direct-to-consumer, factory-to-door approach has earned it a dedicated fan base in the U.S. and beyond, particularly among millennial and Gen Z shoppers seeking both value and style. The fundraising comes at a time when many direct-to-consumer brands are struggling to secure capital. Increased social media advertising costs and sluggish consumer spending have deterred private investment in the sector. However, sources say Quince's consistently strong revenue growth set it apart from competitors and attracted backers in a challenging market. Earlier this year, Quince raised $120 million in a Series C round led by Notable Capital and Wellington Management. Iconiq, founded in 2011, has grown into one of the most prominent venture investors in Silicon Valley. In 2023, it raised $5.75 billion for its latest venture capital fund. Its involvement with Quince could further boost the brand's global profile as it scales operations and expands its product offering.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store