Fabriclore, a pioneering tech-enabled fabric sourcing platform based in Jaipur, has successfully raised $1.6 million in a recent funding round led by PeerCapital from Bengaluru and Regal Fabrics from the UAE.
What Fabriclore Offers
Established in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore provides complete made-to-order fabric solutions to international fashion companies. These consist of finding the right fabric, designing, dying, printing, and quality checking, all combined into one platform. In order to support dynamic business operations, Fabriclore offers cheaper Minimum Order Quantities (MoQs) to direct-to-consumer (D2C) fashion manufacturers and multi-brand retailers.
Growth and Impact
Fabriclore has had rapid growth over the last six years, making it the largest modern retail brand in the fabric market of India. The portal features 10,000 SKUs in a varied portfolio that is obtained from more than 550 Indian suppliers. Fabriclore made a calculated strategy change in 2023 to take on India’s $20 billion fabric supply chain industry. They did this by building a modern 10,000 square foot design and testing centre in addition to a strong network of fabric processing units.
Innovation and Infrastructure
With its creative methodology, Fabriclore has raised the bar for the industry, as evidenced by the opening of India’s first Fabric Experience Studio in Jaipur. Fashion companies can get a personal look at a variety of materials with different dying, printing, and designing procedures thanks to this studio. The business intends to expand on this model by establishing more studios in tier-A cities in the UAE and India, hence raising client happiness and engagement.
Technological Advancements
The CEO of Fabriclore, Vijay Sharma, highlighted the company’s sophisticated tech-enabled procedures when discussing its distinctive value offer. The sector has seen a notable improvement in operational efficiency and customer satisfaction because to these advances, which have drastically decreased manufacturing delays by 20% and customer rejections by 33%.
Strategic Expansion Plans
Fabriclore plans to increase its presence in important global areas, such as the USA, Europe, and the Middle East, with the fresh cash infusion. The firm wants to improve customer experience, increase operational efficiency, and take advantage of international market prospects by strengthening its technology infrastructure.
Industry Recognition and Partnerships
Fabriclore’s tech-driven strategy has the potential to revolutionise the fabric sourcing environment, according to Ankur Pahwa, Managing Partner at PeerCapital. He emphasised the business’s tenacity and deliberate emphasis on innovation in the business-to-business supply chain market.
Using their vast knowledge and connections in the Middle East and Europe, Fabriclore has the potential to revolutionise Indian textiles on a worldwide scale, according to Raju Shroff, Managing Director of Regal Group.
Future Outlook
Within the next year, Fabriclore wants to increase its Monthly Recurring Revenue (MRR) and reach its goal of supplying more than 50 lakh metres of fabric yearly to fashion brands across the globe. The organisation is steadfast in its dedication to sustainability and genuineness, establishing close collaborations with top fabric manufacturers to guarantee product traceability and quality control.
With its innovative solutions, Fabriclore is leading the way in changing the fabric procurement environment and filling gaps in the global fashion industry as it grows and innovates more.
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