- Fabrito, a B2B fabric marketplace, secures significant funding led by Green Trunk Ventures.
- Angel investors include key figures from OYO, Laurus Bio, and McKinsey.
- The investment aims to enhance technology infrastructure, specifically in SaaS, for fabric suppliers and fashion brands.
- Fabrito plans to address traditional fabric sourcing challenges like fragmented supply and high MOQs by strengthening relationships in India’s textile hubs.
- Co-founders express gratitude for investor support in delivering quality and cutting-edge solutions for clients.
Enhancing Fabric Sourcing: Fabrito Secures Funding for Growth
Fabrito, a prominent B2B fabric marketplace, has recently made headlines by securing significant funding to bolster its fabric-sourcing platform. This exciting development has been spearheaded by Green Trunk Ventures, with notable figures such as Bikky Khosla and Sandro Stephen leading the investment charge. Additionally, the funding round saw participation from distinguished angel investors including Maninder Gulati, Krishna Kalyan T D, and Puja Jain, each bringing their unique expertise and insights to the table. This infusion of capital is poised to catapult Fabrito to new heights and revolutionize the way fabric sourcing is conducted in the industry.
Challenges in Traditional Fabric Sourcing
The landscape of fashion and textiles has witnessed a seismic shift in recent years, largely driven by the exponential growth of e-commerce. This paradigm shift has not only expanded the array of fabric choices available but has also brought to the forefront a host of challenges in traditional fabric sourcing practices. Issues such as fragmented supply chains, exorbitant minimum order quantities (MOQs), and a lack of transparency in the supply chain have plagued the industry for far too long. Recognizing these hurdles, Fabrito is on a mission to streamline the fabric-sourcing process and foster stronger relationships within India’s textile hubs to diversify its fabric selection and enhance its overall service offerings.
Technology-driven Solutions for Seamless Operations
Founded in 2023 by the visionary trio of Naresh Dhaka, Pushpendra Singh, and Mayank Narain, Fabrito has carved a niche for itself by leveraging cutting-edge technology to optimize fabric-sourcing operations. The company’s proprietary SaaS platform acts as a catalyst for improved efficiency and seamless communication between fabric suppliers and fashion brands. By matching demand with the right mills and fabric processors, Fabrito has been able to drastically reduce turnaround times and minimum order quantities, thereby empowering its clients with greater flexibility and agility in their sourcing endeavors. This tech-driven approach not only enhances operational efficiency but also sets a new benchmark for quality and innovation in the industry.
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Gratitude and Vision for the Future
As Fabrito embarks on this exciting new chapter fueled by fresh funding, the co-founders are effusive in their gratitude towards their investors for their unwavering support and belief in the company’s vision. Mayank Narain, one of the driving forces behind Fabrito, has underscored the pivotal role played by the investors in propelling the company towards its goals. Lead investors Bikky Khosla and Sandro Stephen have lauded Fabrito for its unwavering commitment to quality and its ability to deliver cutting-edge solutions that cater to the evolving needs of its discerning clientele. With a renewed focus on enhancing fabric sourcing through technology and innovation, Fabrito is well-positioned to disrupt the industry and set new standards for excellence in the realm of textiles and fashion.
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