Funding · Climate, Energy & Sustainability

Canvaloop raises $1.5 million to scale sustainable fibre production

By Startup Enthusiast · 25 March 2026

What they do

Canvaloop is a Surat-based biomaterials startup founded in 2020 that transforms agricultural waste into textile-grade fibres

The company raised $1.5 million from GVFL and Rockstud Capital to expand its commercial operations and supply chain

This funding supports scaling production capacity from 30 tonnes to 300 tonnes per month for global textile mills

Canvaloop has raised $1.5 million in a new funding round.
The investment was led by GVFL (Gujarat Venture Finance Ltd) and Rockstud Capital.
This capital will support the commercial scale-up of alternative fibres.
The funds aim to improve supply readiness and reduce delivery timelines.
Canvaloop plans to invest in regenerative fibre innovation using this money.
The startup aims to lead India’s shift toward sustainable textile materials.
This move aligns with the global target to reduce GHG emissions by 45% by 2030.
Shreyans Kokra is the founder who appeared on Shark Tank India.

The global textile industry aims to reduce GHG emissions from fiber and raw material production by 45% by 2030.
Sustainable alternatives are critical for meeting climate targets by 2030.
India's textile sector needs scalable solutions to reduce environmental impact.
Canvaloop addresses the gap between agricultural waste and industrial textile needs.

Canvaloop transforms agricultural waste into textile-grade fibres.
It uses feedstocks like hemp, flax, banana, pineapple leaves, and crop residues.
The technology employs a proprietary multi-step process that is closed-loop.
The process is climate-light and minimizes water and chemical use.
Canvaloop offers a plug-and-play solution for existing textile mills.
The current production capacity stands at 30 tonnes per month.
The startup plans to expand capacity to 300 tonnes per month.
Canvaloop was founded in 2020 and is based in Surat.
The business model focuses on supplying sustainable fibres to manufacturers.

GVFL (Gujarat Venture Finance Ltd) (lead) — A venture finance firm based in Gujarat.
Rockstud Capital (co-lead) — An investment firm participating in the funding round.

Product: Textile-grade fibres from agricultural waste (pineapple, banana, hemp) using proprietary climate-light closed-loop technology
Customers: Textile manufacturers seeking sustainable and scalable material alternatives
How it makes money: B2B supply of sustainable fibres to textile industry with minimal water and chemical usage
What sets it apart: Proprietary multi-step technology using natural feedstocks with minimal water and chemical usage