Fabric supply chain startup Fabriclore raised $1.6 M from PeerCapital, Regal
In a new funding round led by PeerCapital and Regal Fabrics, Fabriclore, a tech-enabled platform for sourcing fabrics for fashion companies, has raised $1.6 million.
With the help of this funding, Fabriclore hopes to increase its market share in important regions like the USA, Europe, the Middle East, and India. The company says it will spend money on technology to improve customer satisfaction, expand into new markets, and further streamline operations.
Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore offers D2C fashion brands and multi-brand retailers made-to-order fabric solutions (fabric discovery, design, dyeing, printing, and quality inspection) at lower MOQs and through a single point of contact.
Fabriclore developed a modern retail brand between 2016 and 2022, utilizing over 550 suppliers in India to create a catalogue of 10,000 SKUs. The company changed its strategy and entered the $20 billion fabric supply chain market in India in 2023.
It states that it has onboarded more than 200 private labels, mostly from the Middle East and India, in the year since its B2B pivot. The company has established partnerships with internationally recognized testing labs to provide certificates for specific tests requested by clients. It also runs a 10,000-square-foot warehouse with an in-house quality inspection unit.
In Jaipur, Fabric Experience Studio was established by Fabriclore to provide a comprehensive range of fabrics from 50 mills for a tactile, hands-on experience. It intends to open additional experience studios of this kind in tier-a cities in the UAE and India.
