Fabriclore, a pioneering fabric sourcing platform tailored for fashion enterprises, has successfully raised $1.6 million in its latest funding round led by PeerCapital and Regal Fabrics. This infusion of capital marks a significant milestone for the company as it gears up to bolster its footprint across strategic markets such as India, the Middle East, Europe, and the USA.
Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore has carved out a niche by offering end-to-end fabric solutions, encompassing fabric discovery, design, dyeing, printing, and stringent quality inspection, all under one roof.
This integrated approach has resonated particularly well with direct-to-consumer fashion brands and multi-brand retailers, allowing them to access customized fabric solutions with lower minimum order quantities.
The recent funding round is earmarked to fuel Fabriclore’s technological advancements, aimed at optimizing operational efficiencies, enhancing customer experiences, and facilitating its expansion into international markets. The company has already demonstrated its capabilities by curating an extensive catalog of 10,000 SKUs sourced from over 550 suppliers across India, establishing itself as a frontrunner in the country’s $20 billion fabric supply chain sector.
In 2023, Fabriclore strategically pivoted towards the B2B segment, swiftly attracting over 200 private labels predominantly from India and the Middle East within just one year. The company operates from a state-of-the-art 10,000-square-foot warehouse equipped with an in-house quality inspection unit. Additionally, strategic partnerships with globally accredited testing laboratories enable Fabriclore to provide clients with certifications tailored to specific quality standards.
The company’s commitment to innovation is further exemplified by the establishment of the Fabric Experience Studio in Jaipur, where customers can engage in a tactile exploration of fabrics sourced from 50 mills. With plans underway to replicate this concept in major cities across India and the UAE, Fabriclore aims to elevate the fabric sourcing experience to new heights.
With this latest funding round, Fabriclore is poised to strengthen its market position and redefine the fabric supply chain landscape with its tech-driven approach, setting the stage for sustained growth and innovation in the fashion industry.