D2C-focused VC firm Fluid Ventures invests in Jaipur textile firm Fabriclore
Summary
Fabriclore said it will be leveraging the amount to widen its product portfolio, expand into international markets, launch experience studios and create an ecosystem of designers across India’s major cities. Vijay Sharma, co-founder and chief executive of Fabriclore, said that the company has brought over 200 types of textile materials, weaving, dyeing, printing, and embellishment techniques under a single digitally accessible platform. Our process is organizing the entire value chain from yarn to weaving, to greige fabrics, to printing and finally getting it delivered to the consumer, and mid-sized designers globally," Sharma added. Fabriclore has expanded its supplier base in 14 states of India and has built the industrys first digital user experience for retail, wholesale, and fully customizable textiles on a single platform, the statement said. In similar deals, recently, Gujarat-based start-up CanvaLoop Fibre Private Limited raised $200K (around Rs 1.5 crore) from Theia Ventures and Social Alpha.