In the booming global fashion industry, one set of investors is turning a better understanding of implicit gender bias into opportunities. Patamar Capital and Kinara Indonesia are surfacing and investing in companies solving a range of workers’ rights and environmental challenges in Indonesia’s high-flying fashion industry.
Last month, the duo completed its third impact accelerator, awarding $25,000 each to four women-led ethical fashion companies in Indonesia through a peer-selected investment model. The Impact Accelerator Program, supported by Investing in Women, an initiative of the Australian Government, backed Astungkara, which connects business owners, fashion designers with local artisans to produce customized fashion products; the eco-focused baby clothing platform Minikinizz; Kostoom, a on-demand tailor service; and corporate wear upcycler HeyStartic.
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