IndigoTex raises ₹5 Cr to scale wool denim
By Abha Lohia ·
- IndigoTex is an IIT Delhi-born textile startup building waterless wool finishing technology and wool-blend fabrics such as IndiWool Denim
- It secured ₹5 crore in a round led by IAN Angel Fund, with SIDBI, FITT and IIT Delhi Angels joining in
- The money will fund a manufacturing setup, a bigger sales and operations team, and taking its fabrics to market
What happened
- IndigoTex raised ₹5 crore in a round led by IAN Angel Fund.
- SIDBI, FITT and IIT Delhi Angels also took part.
- Funds go to manufacturing, hiring and commercialising its fabrics.
- It makes IndiWool Denim, a wool and denim blend in warm and cold-climate variants.
- It is also developing ECOTEX Wool for washable wool and poly-wool cloth.
Why it matters
- Wool normally needs heavy water use in finishing; a waterless process cuts that.
- Premium and luxury brands are already in talks with the startup.
- Cold-climate markets such as Europe and Australia are a target.
The business
- Deeptech textile startup that began at IIT Delhi.
- Develops waterless wool finishing technology.
- Sells wool-based and wool-denim fabrics.
- Runs a finishing unit in Sonipat, Haryana.
- R&D continues at the Research and Innovation Park, IIT Delhi.
- Has signed NDAs with two big luxury groups.
The founders
Who put in money
- IAN Angel Fund lead
- SIDBI investor
- FITT investor
- IIT Delhi Angels investor
What happens next
- Set up manufacturing and expand sales.
Earlier rounds
- ₹5 Cr round led by IAN Angel Fund (Oct 2026).
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Angel network: An angel network is a group of individual investors who find, screen and fund startups together. A syndicate is a smaller version: one lead angel brings a deal and others follow, usually through a single investment vehicle.
- Fund of Funds for Startups: The Indian government supports startups mainly in three ways: by putting money into venture funds through the Fund of Funds for Startups, by giving seed grants and loans through incubators, and by offering credit guarantees and state-level schemes. Most of it is routed through other bodies rather than paid straight to founders.
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