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Slow fashion is back: How environmental sustainability becomes the hottest trend this season

slow fashion

One of the silver linings that has emerged from the pandemic is that it has thrown into focus the fashion industry’s environmental impact as brands and consumers have been forced to pause and reflect. Retailers cancelling millions of dollars of orders from factories and suppliers highlighted again how problematic the fast fashion industry had become.

Consumers that were once driven by an insatiable appetite for the latest trend, realised they did not need as many clothes and became more conscious of their purchasing decisions. This uncertain time has brought slow fashion back to the forefront and has sparked a new debate around Fast vs. Slow. It is time we all took a step back to really understand what these two terms mean and how we as consumers decide to respond to them. 

Fast fashion is the frenemy we find hard to shake. Seemingly innocent, persuasively it wins us over again and again with instant perks often too hard to refuse. Affordability and accessibility are at the core of the fast fashion industry, making its appeal to the masses an almost impossible case to argue against in this consumer-charged environment.

However, the issues that come with fast fashion are almost invisible but could fundamentally change the way we value an item of clothing when we hit the shops. 

Popular high street brands can now produce weekly collections which are vast when compared to the four seasonal collections of traditional fashion houses. The amount manufactured at an incredibly fast pace is only possible with some fairly aggressive factors at play which include unethical methods and techniques for producing materials, utilising workers far beyond the standard and ultimately safety, quality and efficiency of the garment.

The Sustainable Apparel Coalition estimates that designers control upwards of 80 per cent of a product’s environmental impact, and that it lies in the first steps of development. It is tough to work backwards when you are working towards a more sustainable product.

Also Read: Pixibo raises US$1.4M to help fashion e-tailers reduce product return rates

Instead, it has to be stitched into the garment from the very beginning- highlighting the enormous challenge ahead for the big fashion companies to make the necessary changes in their already established supply chains.

It seems most people buy in large amounts because of an attractive price point and quicker accessibility to emerging trends. Unfortunately, these items are often used only a handful of times, and in children’s wear, the turnover of clothing can be even higher. A growing child’s wardrobe is sizeable with a constant need to renew and restock for the next growth spurt.

Sadly, after a short time- whether children or adults sizing- many of these poorly made items are quickly discarded. We tend to place less value and care on cheaper imitations, as we rarely plan to preserve them due to a lack of quality making them unlikely to hold up beyond their intended wearability.

Slow fashion essentially means to slow down the process of design and production with awareness and responsibility leading to a more sustainable outcome. Sustainability is one of the most significant talking points of recent years. It’s a term that encompasses many things: environmental impacts, social justice, supporting artisanal crafts, businesses supporting developing economies and more. It is broad in definition but can be relevant to so many different industries.

For example, The Slow Food Movement, founded in 1986, Italy – an interesting parallel example of the link between pleasure and product, incorporating awareness and responsibility (food in this case). The movement defended the biodiversity in our food supply by challenging a standardisation of taste.

Supporting the need for consumer transparency and protecting cultural identities tied to food to try to preserve its unique qualities because no one wanted standardised food and no one wants standardised fashion. Faster and more is not always better.

Also read: 6 fashion startups that actually deliver value

Slow fashion comes under the umbrella of sustainability which has a lot of value in our lives today. With the media showing us more and more the effects we are having on the planet, we have the opportunity to make positive change.

Slow fashion requires that design, development and production meet today’s needs by improving manufacturing and social impact without sacrificing fashion and style (pleasure and product with awareness and responsibility).

It doesn’t have to mean because a brand is sustainable that it won’t be fashionable. In fact, sustainability in terms of slow fashion means great design: creativity, quality, longevity, craftsmanship and fair wages, all adding to a lower carbon footprint without compromise- which is something all of us can get behind.

Shopping thoughtfully, investing in items that will outlast our children’s wear-and-tear can not only be financially beneficial but makes for a more stylish wardrobe for your little one too, bonus!

The pieces we end up keeping in our children’s wardrobes’, that we mend or have our kids wear on repeat until we finally gift them to a friend (or hand them down), are the pieces that we value the most, and for the most part are unique investment pieces made to endure a few children. 

The fashion resale market is exploding. According to the Thredup 2020 Resale Report, the preloved market is expected to grow five times over the next five years while traditional retail is set to shrink. Secondhand has finally come to the forefront as a chosen option amongst conscientious consumers looking to keep items in circulation.

We can have an impact on the industry by voting with our purchase and as global consumers, we would be more inspired and incentivised to do so armed with the facts. 

Let’s hope this conscious awakening continues to grow throughout the whole fashion industry creating a greener, more sustainable future. Brands are finally accepting accountability for their actions and have started the process of transformation and with consumers having more say in what they consume and how it is made, this could be the key to long-lasting change.

Editor’s note: e27 aims to foster thought leadership by publishing contributions from the community. This season we are seeking op-eds, analysis and articles on food tech and sustainability. Share your opinion and earn a byline by submitting a post.

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Image credit: DEVN on Unsplash

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Here are 5 active investors you may start connecting with today

Last week, we featured our most active investors to recognise their use and responses on Connect Requests from Startups. Here’s a fresh new batch of e27 Connect Active Investors to connect with today:

Altara Ventures 
Investment: USD 1M – USD 5M, Pre-Series A / Bridge, Series A, Series B

Straight from Altara Ventures: Altara Ventures is a technology venture capital firm headquartered in Singapore and investing across Southeast Asia.

Brinc
Investment: USD 0 – USD 100K, Angel / Pre Seed, Seed, Pre-Series A / Bridge, Series A

Straight from Brinc: Brinc is a venture capital and accelerator firm that empowers game-changers to help solve some of the world’s biggest challenges. More game-changers will make a positive impact on the world if they are given the right backing. And that’s what we’re here for.

Kakao Ventures
Investment: Not specified, Seed, Pre-Series A / Bridge, Series A, Series B

Straight from Kakao Ventures: Kakao Ventures wants to become a co-pilot, a strong partner for startups, and help advance the future required by the world. It is the intrinsic organizational vision and philosophy that we need to put into practice more than anyone else in aggressively moving toward a better future. 

Kinesys Group 
Investment: Not specified, Angel / Pre Seed, Seed, Pre-Series A / Bridge, Series A

Straight from Kinesys Group: Kinesys Group is a Jakarta-based investment group focused on Asia. We provide funding and strategic support to early-stage tech startups with a mission to advance human intelligence. We partner with family offices and institutions around the world.

Genesia Ventures
Investment: USD 100K – USD 1M, Angel / Pre Seed, Seed, Series A

Straight from Genesia Ventures: Genesia Ventures is a venture capital firm dedicated to seed and early stage investments in innovative digital startups in Asia. We engage with all stakeholders in creating new industries, and act as a hub, bringing talent, information, and technology to all our partners to create a platform that drives the next generation of sustainable industry.

The Connect feature is exclusively available for Pro members. If you want to start connecting with these investors, get a Pro trial account now!

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Photo by Oleg Magni from Pexels

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POPS Worldwide plans to raise US$50M Series D to expand to Philippines

POPS Worldwide, a Vietnamese digital entertainment company, said today it is planning to raise US$50 million in Series D by the end of 2021.

The funds to be raised will be used for expansion across Southeast Asia, including the Philippines, in addition to deepening its footprint in Indonesia.

Launched in 2007, POPS helps global brands localise their content for Southeast Asian viewers.

For instance, the company brings in premium content from popular anime series like Naruto, Pokemon and Doraemon to children aged nine to 12 years old, generation Z and millennials.

Its services include creating subtitles and dubbing in local languages, helping brands and creators connect and engage with their audiences effectively and in a more authentic manner.

Beyond that, it also offers a variety of content verticals — such as POPS Music, POPS Kids, POPS Comic and POPS e-sports — targeting various niche audiences.

Since its inception, POPS has established a foothold in key markets like Vietnam, Thailand and Indonesia, thus becoming one of the largest players in the region’s digital entertainment industry.

Also Read: Digital entertainment startup POPS Worldwide snags US$30M in funding, launching its free premium content apps

The company’s clientele includes global brands like Warner Media, NBCUniversal, Discovery, TV Asahi, The Pokemon Company, and Toei Animation.

POPS Worldwide will also be opening an office in Japan focusing on partnerships and acquisitions, looking beyond Southeast Asia and towards Asia for more business opportunities.

Esther Nguyen, founder of POPS Worldwide, shared, “The company was born out of my initial vision to build a Spotify for Vietnam. But now, it has grown bigger than what Spotify signifies, it is now Southeast Asia’s top choice for all things digital — including music, entertainment, edutainment, comics, and animes.”

“As a digital-first entertainment company, we are always on the lookout for ways to innovate and reinvent ourselves as the digital world is ever-changing. Riding on our successful momentum in Vietnam, Thailand, and Indonesia, we hope to continue to provide scalability to global brands and creators, giving them unparalleled access to a diverse audience and a fast-growing digital ecosystem in Southeast Asia,” she added.

So far, the company has raised US$37 million in funding, including a US$30 million Series C fundraise led by Eastbridge Partners and Mirae Asset-Naver Asia Growth Fund.

As the pandemic-induced lockdowns still continue in many parts of the world, consumption and the need for digital content for entertainment has increased significantly.

According to the report titled ‘COVID-19: A Game Changer For Media And Purchasing’, in-home media — particularly those providing entertainment — have seen the largest increases in consumption globally.

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Image Credit:  Dex Ezekiel

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Ex-CEO of Rocket Internet Asia launches new e-commerce venture Una Brands with a US$40M seed round

(L-R) Una Brands co-founders TobiasHeusch, Kiren Tanna and Kushal Patel.

Una Brands, a Singapore-based startup providing a “fast and fair way” for e-commerce business owners (vendors) to sell their companies, has raised US$40 million in a seed round of equity and debt financing.

Investors include 500 Startups, Kingsway Capital, 468 Capital, Presight Capital and Global Founders Capital.

Maximilian Bittner, the CEO of Vestiaire Collective, and Khailee Ng, Managing Partner at 500 Startups, also participated in the round.

With the fresh funding, Una intends to buy and scale e-commerce brands based in the Asia Pacific region. It will focus on acquiring brands with strong independent branding that have annual revenue between US$300,000 and US$20 million.

Una Brands was founded in 2020 by Kiren Tanna, the former CEO of Rocket Internet Asia and founder of foodpanda and ZEN Rooms. His co-founders are Adrian Johnston, Kushal Patel, Tobias Heusch and Srinivasan Shridharan.

Also Read: Just Buy Live raises US$20M to connect Indian retailers with brands online

Una Brands buys businesses with a long-term competitive advantage and strong brands and grows them in new markets and on new platforms. It is platform-agnostic and acquires businesses across leading e-commerce platforms, including Amazon, Lazada, Shopee and Shopify.

The company claims it is capable completing the end-to-end transaction process in under five weeks and offers flexible structures to take into account the personal objectives of the seller.

Tanna sees enormous potential for growth in the region. “We estimate that there are more than 10 million third-party sellers on regional platforms across APAC. The COVID-19 lockdown created a huge surge in e-commerce demand, with a peak demand increase of over 100 per cent in many cases. The lockdown encouraged many people to try shopping online for the first time and has created a behavioural shift in consumer habits.”

He added that Una Brands can help progress companies to the next level: “When we speak to sellers, they often say to us that the thing they really enjoy is growing a business from the ground up, creating a brand, and growing a following. When a business gets beyond a certain size, the business owners find that they do not have the time to do what they love as they get bogged down in the operational process. They also often do not have the capital or expertise to take the brand to where they want to go. By partnering with our company, brands can turbocharge their growth into new markets and channels.”

Una has already closed acquisition deals with several businesses in the region.

“Ultimately, with this new round of investment, we want to scale our business very rapidly in the region. We aim to become the biggest online retailer in APAC,” concluded Tanna.

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Jason Todd explains why entrepreneurs should love their personal journey

Meet Jason Todd, who has started multiple multi-million dollar companies and coached dozens of entrepreneurs.

Today, we talk about his journey and why you should love your own:

  • How his family dealt with arguments
  • How he learned to understand other people
  • How he learned to sell
  • How he started his first company
  • The most important lesson he’s learned
  • The hardest lesson he’s learned
  • And more!

If you don’t see the player above, click on the link below to listen directly!

Acast

Apple

Spotify

Stitcher

This article was first published on We Live To Build.

Image Credit: Michal Czyz on Unsplash

 

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