Fabriclore raises $1.6 million in funding round led by Peercapital, Regal Fabrics

Jaipur-based e-commerce platform for fashion business Fabriclore has raised $1.6 million (Rs 13 crore) in funding round led by Peercapital and Regal Group.

The funding round also saw participation from Fluid Ventures, Matrix Partners India, DeVC and Bulleon Ventures.

The funding will be used in technology development, scaling operations, customer experience enhancement, and expansion in international markets.

Commenting on the funding, Vijay Sharma, CEO of Fabriclore in a statement said, “Our key differentiator is streamlining complex multi-stage fabric processing that includes dyeing, screen printing, digital printing, and block printing techniques. By implementing tech-enabled processes, the company has substantially reduced delays by 20 percent and customer rejections by 33 percent, setting a new benchmark in the industry.”

Raju Shroff, managing director of Regal Group added, “Unlike China, the lack of organized textile sourcing and processing has limited the exposure of Indian textiles to global markets. With our 70 years of know-how in the in the fabric space in the Middle East and Europe, we saw tremendous potential in Fabriclore to take its expertise to several international markets.”

Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore has a catalogue of 10,000 stock-keeping units (SKUs) developed by over 550 suppliers across India. Since its launch, it claims to have onboarded over 200 private labels primarily from India and the Middle East.