Dressfolk, a handloom ethical clothing brand, has closed a seed funding round of Rs 3.3 crore. The funding was led by All In Capital, includes strategic investors such as Sidhant Keshwani of Libas, Sidhesh Chauhan of Jade Blue and Riju Jhunjhunwala of RSWM.
The newly acquired capital will be utilised to fortify Dressfolk’s product range, expand distribution networks, and enhance team capabilities and operations, according to a statement.
Aditya Singh, Co-founder, All In Capital, praised Dressfolk’s commitment to reviving Indian handloom, stating, “Dressfolk’s proprietary designs and highly differentiated products are bringing Indian handloom back in vogue. Sarees have become the biggest and one of the fastest-growing apparel categories, and we are confident that Nitin and his team at Dressfolk will have a meaningful impact in the ethnic wear segment.”
Nitin Mehrotra, Founder and CEO, said, “At Dressfolk, we draw inspiration from the past but create for the future. We design and co-produce all our garments with our artisan community from scratch. We’re delighted that investors saw the immense potential in our long-term vision of building the most compelling destination for luxurious and high-quality Indian looms.”
The round also saw participation from angel investors, including Vikrampati Singhania from JK Family Office, FinFirst Advisors, Apurva Ramesh Damani from Damani Family Office, and Pranav Sanghvi of Petronas, among others.
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