#PeerCapital

[entrackrme]

Digital identity creator for frequent shoppers Flash has raised $6.7 million in a pre-Series A investment round led by Blume Ventures and existing investor PeerCapital. The round also saw participation from other existing backers including White Venture Capital and Emphasis Ventures.

The fresh proceeds have come 10 months after its seed round which saw participation of a clutch of prolific angels.

On Monday, Entrackr reached out to Flash and Blume regarding the fundraise. However, they did not comment on our specific queries.

[atomxmedia]

Fabriclore Secures $1.6 Million Funding To Streamline India’s Fabric Supply Chain

Fabriclore, a fabric sourcing firm located in Jaipur, has successfully raised ₹13 crore, or roughly $1.6 million, in an investment round headed by Regal Fabrics from the USA and PeerCapital from Bengaluru. Fabriclore’s goal to use technology and streamline procedures to transform India’s $20 billion fabric supply chain would be aided by this investment.

From Retail Brand to B2B Powerhouse

When Fabriclore was first founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Deo Arya, it was a contemporary retail brand that provided a carefully chosen assortment of more than 10,000 fabrics made by more than 550 suppliers in India. However, Fabriclore deliberately shifted to the B2B market in 2023 after realizing the enormous potential of the disjointed and intricate fabric supply chain.

Building a Tech-Enabled Ecosystem

Fabriclore’s competitive edge lies in its ability to streamline the intricate multi-stage fabric procurement process. This includes tasks like dyeing, screen printing, digital printing, and black printing techniques. By implementing a tech-driven approach, the company boasts a 20% reduction in delays and customer rejections, setting a new benchmark for efficiency.

Addressing a Critical Need

According to Fabriclore’s CEO, Vijay Sharma, a significant portion (50–60%) of a brand’s product development cost is attributed solely to fabric sourcing. Fabriclore aims to address this pain point by creating a comprehensive suite of tools that simplifies fabric ownership, sourcing, production, and design management for fashion businesses.

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