Fabrito, a B2B fabric marketplace, has secured significant funding to enhance its fabric-sourcing platform. The funding has been led by Green Trunk Ventures, represented by Bikky Khosla and Sandro Stephen. Notable angel investors include Maninder Gulati (Global Chief Strategy Officer, OYO), Krishna Kalyan T D (COO, Laurus Bio), and Puja Jain (ex-McKinsey Partner).
With this investment Fabrito will advance its technology infrastructure — SaaS, facilitating better service for fabric suppliers and fashion brands. The rise of e-commerce has significantly impacted the fashion landscape and has increased a wider variety of fabric selections.
To overcome the traditional fabric sourcing challenges, for instance, fragmented supply, high minimum order quantities (MOQs), and a lack of supply chain transparency, the company plans to strengthen relationships within India’s textile hubs to broaden its fabric selection.
Founded in 2023 by Naresh Dhaka, Pushpendra Singh, and Mayank Narain, Fabrito matches the demand with right mills and fabric processors to slash turnaround times and minimum order quantities (MOQ).
Speaking on the announcement, Mayank Narain, Co-Founder at Fabrito said, “We are thankful to GTV, Maninder & all our angel investors for backing us at this early stage. Having built & mentored B2B platforms themselves, their contribution to our business goes far beyond just the capital. We are excited about shifting gears & building a robust scaled business.”
It’s worth noting here that the Indian textile industry boasts a market size of US $ 66 billion, while the global market reaches a staggering US $ 1.6 trillion, as per Fabrito which is positioned to capitalize on the growing e-commerce sector where brands gain strategic advantage by responding to trends faster, doing multiple iterations and keeping prices competitive.
Speaking on the investment, Lead Investors Bikky Khosla and Sandro Stephen in a joint statement shared, “Fabrito is shaking up the B2B fabric industry by leveraging technology to slash turnaround times and minimum order quantities (MOQ) for brands. This innovative approach addresses a major pain point, empowering businesses to be more agile and responsive to market trends. Beyond efficiency, Fabrito sets the bar for quality and delivers cutting-edge solutions that meet the evolving needs of their clients. As investors, Green Trunk is thrilled to support a company dedicated to excellence and poised for significant growth in this dynamic market.”
