Fabrito, a B2B fabric marketplace and procurement platform, has successfully raised an undisclosed amount in a funding round led by Green Trunk Ventures.
Notable angel investors including Maninder Gulati from OYO, Krishna Kalyan T D from Laurus Bio, and Puja Jain, an ex-McKinsey professional, also participated.
The capital raised will primarily be allocated towards enhancing Fabrito’s technology infrastructure. This includes developing a software-as-a-service (SaaS) platform tailored for ready fabric suppliers.
Additionally, Fabrito aims to strengthen its fabric sourcing platform to better serve fashion brands and garment manufacturers. By leveraging technology, the startup plans to offer a curated selection of ready fabrics, ensuring lower turnaround times, minimal order quantities, and competitive pricing
Founded in 2023 by Naresh Dhaka, Pushpendra Singh, and Mayank Narain, Fabrito simplifies fabric sourcing for brands and garment manufacturers through its B2B marketplace.
The platform aggregates a collection of ready-to-ship fabrics that can be quickly replenished. Fabrito’s business model focuses on providing a wide assortment of fabrics, using technology to offer better prices and lower minimum order quantities (MOQs).
Fabrito intends to use a portion of the funds to expand its network of textile manufacturers and sellers. This expansion will involve significant recruitment efforts across sales and supply verticals.
By hiring additional sales and supply resources, Fabrito aims to build stronger relationships within various textile hubs across India. This strategic move is expected to enhance the company’s market presence and streamline its operations in key textile centers.
The recent funding round marks a significant milestone for Fabrito as it continues to innovate and expand its footprint in the B2B fabric procurement market.
