Funding · Commerce & Consumer Brands
Thread Factory raises ₹1.5 crore pre-seed
By Startup Enthusiast ·
- Date
- Company
- Thread Factory
- What it does
- B2B apparel sourcing platform
- Kind
- Funding
- Amount
- ₹1.5 crore
- Stage
- pre-seed
What they do
Thread Factory is a B2B platform connecting independent apparel retailers with manufacturers across India
What happened
It raised ₹1.5 crore in a pre-seed round led by AJVC, with funds for tech and team expansion
Why it matters
The startup reports ₹4 crore ARR and 60% monthly repeat customers, showing early traction
The details
- Thread Factory closed a pre-seed funding round of ₹1.5 crore.
- The round was led by AJVC, an early-stage investment firm.
- Aviral Bhatnagar led the investment for AJVC.
- The funds will upgrade the technology stack and expand the team.
- The company will also onboard more retailers and manufacturers.
- It aims to build a data-driven supply infrastructure for fashion.
The bigger picture
- India's fashion supply chain is inefficient, with much sourcing done via phone calls and WhatsApp.
- Unstructured channels cause poor demand forecasting and inefficient procurement.
- This leads to inventory pile-ups for retailers.
- Thread Factory's platform addresses these problems by digitizing the process.
About the business
- Thread Factory is a B2B platform linking independent apparel retailers with manufacturers.
- Retailers can browse products and place orders directly on the platform.
- The platform streamlines discovery and sourcing of designs for retailers.
- Manufacturers gain demand visibility for better production planning.
- Transaction-level data is captured for supply-side intelligence.
- The company reports an ARR of around ₹4 crore.
- It has a 60% monthly repeat customer rate.
- Over 40 manufacturers are onboarded on the platform.
What happens next
- Upgrade the technology stack.
- Expand the team.
- Onboard more retailers and manufacturers.
- Build data-driven supply infrastructure.
The deal
- Type
- pre-seed
Investors
- AJVC (lead) — Early-stage investment firm led by Aviral Bhatnagar, with a portfolio including Bubble Me, Finanjo, Mindcase, and others.
Founders
- Vivek Solanki, Co-founder
- Paras Jindal, Co-founder
About Thread Factory
- Product
- Digital platform for apparel retailers to discover, source designs and manage orders with manufacturers
- Customers
- Independent apparel retailers seeking efficient sourcing from garment manufacturers
- How it makes money
- B2B marketplace platform enabling digital sourcing between retailers and manufacturers
- What sets it apart
- Digitizes India's fragmented fashion supply chain with data-driven demand forecasting
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