[Funding News] Fabrito Raises Funding Round from Green Trunk
Summary
Fabrito, a B2B fabric marketplace and procurement platform, has received funding from Green Trunk Ventures and Maninder Gulati, an angel investor at OYO, among other sources.The funds will be used to enhance the companys technology infrastructure, which encompasses a software-as-a-service (SaaS) platform for ready fabric suppliers and a fabric sourcing platform for fashion brands and garment manufacturers.Read also Oyo Secures $50 Mn Funding from InCred at $2.38 Bn ValuationAdditionally, Fabrito will allocate a portion of its resources to the recruitment of sales and supply resources in order to establish more robust relationships with textile centers in India.Founded in 2022 by Pushpendra Singh, Fabrito is a B2B fabric marketplace that simplifies fabric sourcing for brands & garment manufacturers who are looking for lower TAT, lower MOQs & better prices. Fabrito offers a wide assortment of ready-to-ship fabrics which can later be replenished quickly.Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.