Indian handloom ethical clothing brand Dressfolk announced today that it has raised Rs. 3.3 crore in seed round of funding by All In Capital.
Sidhant Keshwani of Libas, Sidhesh Chauhan of Jade Blue, and Riju Jhunjhunwala of RSWM Ltd. are a few other significant investors. The company intends to increase its personnel, operations, distribution channels, and product line with the new capital.
Aditya Singh, Co-Founder, All In Capital stated, “Dressfolk’s proprietary designs and highly differentiated products are bringing Indian handloom back in vogue.”
“We’re delighted that investors saw the immense potential in our long-term vision of building the most compelling destination for luxurious and high-quality Indian looms”, said Nitin Mehrotra, Founder & CEO, Dressfolk.
He added, “We are proud of the fact we are not only Made in India but Made of India”.
Dressfolk serves clients worldwide and collaborates with over 600 weavers and 120 artisans throughout 6 states. Customers can access merchandise from numerous offline multi-brand and online marketplaces in addition to Dress Folk’s own website.
A number of angel investors, including Vikrampati Singhania from the JK Family Office, FinFirst Advisors, Apurva Ramesh Damani from the Damani Family Office, and Pranav Sanghvi from Petronas, also participate in the round. The cap table currently also includes people like Prabhtej Singh Bhatia, a serial entrepreneur and co-founder of Falcon, Vidur Kataria, the founder of MasterChow, Arjit Johri of Marshot Ventures, Harbir Singh Banga of Victora Group, Samyak Deora of Deora Group, Adit Desai of Doc Tutorials, and Megha Vishwanath, a former business journalist and marketer.
