Fabriclore, a tech-enabled fabric sourcing platform for fashion businesses, has successfully raised $1.6 million in a new funding round led by PeerCapital and Regal Fabrics.
With this infusion of capital, Fabriclore aims to strengthen its foothold in key markets such as India, the Middle East, Europe, and the USA. The company plans to invest heavily in technology to streamline its operations, enhance customer experience, and scale its presence in international markets.
Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore offers made-to-order fabric solutions, including fabric discovery, design, dyeing, printing, and quality inspection, all at a single point of contact. The platform caters to D2C fashion brands and multi-brand retailers, providing lower minimum order quantities (MoQs).
From its inception until 2022, Fabriclore built a modern retail brand with a catalog of 10,000 SKUs developed by over 550 suppliers across India. In 2023, the company pivoted to focus on India's $20 billion fabric supply chain market.
Within 12 months of this strategic shift, Fabriclore has onboarded over 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 partnered with internationally accredited testing labs to provide certification for specific client-required tests.
Additionally, Fabriclore has established a Fabric Experience Studio in Jaipur, which offers a tactile experience of its extensive fabric portfolio sourced from 50 mills. The company plans to open more such experience studios in Tier A cities in India and in the UAE.