Fabrito secures funding from Green Trunk Ventures, others

Fabrito, a business-to-business (B2B) fabric marketplace has raised an undisclosed amount in a recent funding round led by Green Trunk Ventures.

Angel investors Maninder Gulati, Krishna Kalyan T D, and Puja Jain also participated in the funding round.

Fabrito will utilise the funds to strengthen its technology infrastructure, development of a software-as-a-service (SaaS) platform and support its fabric sourcing platform.

Additionally, Fabrito plans to use a portion of the funds to expand its network of textile manufacturers and sellers.

“By hiring additional sales and supply resources, the startup aims to build stronger relationships within various textile hubs across India, enhancing its market presence and streamlining operations in key textile centres,” Fabrito said in a statement.

“Fabrito’s business model focuses on providing a wide assortment of fabrics, utilizing technology to offer better prices and lower minimum order quantities (MOQs),” it added.

Founded in 2023 by Naresh Dhaka, Pushpendra Singh, and Mayank Narain, Fabrito used technology to simplify fabric sourcing for brands and garment manufacturers.