Fabriclore, a tech-enabled fabric sourcing platform for fashion businesses, raised USD 1.6 million in funding led by PeerCapital, based in Bengaluru and Regal Fabrics, based in the United Arab Emirates.
Founded in 2016 by a trio of seasoned entrepreneurs, Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore's success is driven by its 8 years of extensive experience in streamlining a complex supply chain of textile sourcing and processing across India. From 2016 until 2022, Fabriclore created India’s largest modern retail brand, with a catalogue of 10,000 SKUs developed by over 550 suppliers across India. Combined with its rich experience in fabric sourcing, customisation, and processing, the company pivoted to enter into India’s $20 Billion fabric supply chain market in 2023.
"B2B supply chain is a segment that demands extensive experience, hands on know-how of the fragmented landscape and long-term resilient focus. Armed with these, team Fabriclore is best-positioned to innovate a dormant space with new-age tech enablement and create a catalysing impact on the fabric and D2C industry”, said Ankur Pahwa, Managing Partner at PeerCapital.
With this funding, Fabriclore plans to expand its presence in key markets, including India, the Middle East, Europe, and the USA. The company will invest in technology to further streamline its operations, enhance customer experience, and scale in international markets.
Within 12 months of its B2B pivot, it has onboarded 200+ private labels primarily from India and the Middle East. The company operates a 10,000-square-foot warehouse with an in-house quality inspection unit and has also forged partnerships with internationally accredited testing labs to provide certificates for specific tests required by clients.
According to Vijay Sharma, CEO of Fabriclore, “Our key differentiator is streamlining complex multi-stage fabric processing that includes dyeing, screen printing, digital printing, and block printing techniques. By implementing tech-enabled processes, the company has substantially reduced delays by 20% and customer rejections by 33 per cent, setting a new benchmark in the industry. On the other end 50 to 60% of the product development cost of a fashion brand is attributed to fabric sourcing alone across multiple different vendors for each garment collection that they develop. Therefore, we are building add-on software tools for fashion brands to make fabric discovery, sourcing, production and design management much easier”.
