Fantail, a B2B textile manufacturing startup, has raised INR 13.75 crore (about $1.6 million) in seed funding.
The funding round was led by Riverwalk Holdings, Incubate Fund Asia, and All In Capital.
The new funding will help support small and medium-sized businesses (SMEs) in Surat.
Fantail plans to use the money to improve their skills, upgrade machines and processes, make operations more efficient, and hire people for design, quality, and technical jobs.
The money will also be used to build their backend technology.
This will help track orders better, work more efficiently, and respond more quickly to customer needs.
“In B2B, timing is of great significance. I’ve worked in the Surat ecosystem for over a decade, and I believe the coming years will be pivotal for Manufacturing 2.0,” said Ramya Iyer, Founder of Fantail. “If we solve for scale and efficiency, we can harness the true potential of this ecosystem. With the right team and patient capital, we believe we can build a globally recognized MMF brand from Surat.”
Rajeev Ranka, Partner at Incubate Fund Asia, said, “Fantail is digitising a fragmented textile supply chain, unlocking reliability and speed for retailers and exporters alike.”
Aditya Singh of All In Capital said, “Ramya’s rare combination of deep domain expertise and operational clarity makes Fantail uniquely positioned to modernise Surat’s INR 3.3 lakh crore (USD 40 B) MMF industry.”
Fantail was founded in 2023 by Ramya Iyer. The company manages the full manufacturing process in the artificial fabric (MMF) sector, working with weavers, mills, processors, and other units—from yarn all the way to finished clothes.
Fantail’s goal is to bring more structure, scale, and technology-based innovation to Surat’s mostly unorganized MMF supply chain.
Fantail creates and supplies fabrics for fashion retailers in the value, premium, and luxury markets.
It serves as a bridge between traditional textile businesses and the growing demand from modern fashion retailers in India and other developing countries.
