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Sourceeasy acquires online custom apparel design firm
May '15
Bangalore and US-based Sourceeasy Inc, which operates a web platform connecting designers, e-commerce stores and brands to source their private label apparel online, has acquired AbbeyPost, another US-based online custom apparel design company, the company said in a blog on its website. Sourceeasy did not divulge other terms of the transaction.

Both the companies were part of 500 Startups' 9th batch.

Founded in 2012, AbbeyPost is a software company and vertically integrated apparel brand. It use extrapolated statistical measurement model based on 3D that scans the data of thousands of other similar women and make a custom clothing pattern for users and then manufactures and deliver the clothing items directly to the customer, a media report said.

As part of the deal, Cynthia Schames, founder & CEO of AbbeyPost, will be moving to Sourceeasy's New York office as vice president of sales and will head its 'Made in USA' efforts while building out its sales networks.

Cassaundra Bourne, vice president- production, will continue to run the Dacula facility as a senior member of Sourceeasy’s USA tech design and product development team.

Sourceeasy is essentially a B2B web platform for custom design apparel. The products are made by its offline network manufactures and it delivers to the clients, hence serving as a mediator.

It aims to make manufacturing custom clothing easy for designers, brands, startups and corporates.

The acquisition will assist Sourceeasy offer near-shore manufacturing to clothing brands using the 'Made in USA' brand, build its own library of pre-fabricated pattern blocks and use off-the-shelf/pre-produced fabrics to shorten lead times.

"We are poised to grow our revenues exponentially in the next 12-18 months and creating scalable, automated fit approval systems based on templates and standard blocks is critical to our scale. AbbeyPost's internal pattern and sampling systems will help us leapfrog our template program ahead by 6-9 months," Pranay Srinivasan, founder and CEO of Sourceeasy wrote in the blog.

Founded by Srinivasan and Chirag Chamoli in 2013, Sourceeasy has so far raised around $1.8 million in funding. It has attracted 500 Startups and several other individual investors in the past. (SH)

Fibre2fashion News Desk - India

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