Fabriclore Secures Funding: Revolutionizes the Fabric Retail Industry

Fabric retailer Fabriclore has raised INR 13.1 Cr (around $1.6 Mn) in  a seed funding round co-led by PeerCapital and Regal Group.

Fabriclore, an Indian fabric seller, has raised INR 13.1 Cr (approx $1.6 Mn) funds to transform its role in the fabric retail industry. The funding round was led by PeerCapital and Regal Group, among others, showing strong belief in Fabriclore's business model and growth potential.

Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam D Arya, Fabriclore specializes in a wide variety of fabrics, from traditional Indian textiles to modern designs, serving customers in India and abroad. The company aims to shake up the fabric retail sector by prioritizing quality, diversity, and customer satisfaction. Fabriclore offers custom fabric solutions, handling everything from design and dyeing to printing under one roof.

With this new funding, Fabriclore plans to expand its product range, improve its technology, and strengthen its supply chain. This strategic investment is set to enhance Fabriclore's position in the competitive fabric retail market and help it grow efficiently.

Fabriclore's success stems from its dedication to genuine craftsmanship, appealing to a broad customer base seeking distinctive and high-quality fabrics. Through technology and strategic partnerships, Fabriclore aims to simplify the fabric buying process and solidify its leadership in the industry.

The global market for business-to-business (B2B) e-commerce was valued at $6.64 trillion in 2020. It is projected to expand at an annual growth rate of 18.7% from 2021 to 2028, as per a report from Grand View Research.

Overall, this funding signifies investor confidence in Fabriclore's business strategy and future growth. As the company continues to innovate and expand, it aims to redefine fabric retailing and set new benchmarks for quality and customer satisfaction.