The latest episode of Shark Tank India featured the sharks— Azhar Iqubal Iqubal, Peyush Bansal, Anupam Mittal, Namita Thapar, and Amit Jain. In episode 26, Fabriclore’s founders — Vijay Sharma, Anupam, and Sandeep pitched their startup idea in front of judges. Their vision is to believe in simplifying fabric sourcing for fashion brands.
According to pitchers, Fabriclore is the first tech-enabled fabric-sourcing platform for private labels. It offers a variety of fabrics, printing, and dyeing, with low minimum order quantity at competitive pricing. Furthermore, they disclosed that they have collaborated with 200-plus vendors to create a production and design ecosystem.
After presenting their idea, pitchers asked for $82.8 thousand (₹68.7 lakhs) for 1 percent equity with a valuation of $8.2 million (₹68.7 Crore). Subsequently, they revealed that they had received an investment commitment of $964K (₹8 Crore) at a pre-money valuation of $6.7 million (₹56 Crore). Despite a lot of discussion, Fabriclore was unable to secure the deal with the sharks.
Fabriclore on Shark Tank India Season 3:Where to buy, products, price & more
Although Fabriclore did not get any deal from any of the sharks, they continue to engage with customers in both online and offline modes. One can visit their studio from Monday to Friday between 10 am to 5 pm IST.
According to their website, they have 200+ certified fabrics and over 100+ verified mills and printers. Some of their most prominent fabric suppliers are— Tencel, Birla Cellulose, Birla Modal, and others.
Moreover, their website states that the average lead time for printing is— 10 days for digital printing and 40 days for screen and block printing. However sometimes the lead time increases depending upon the design’s volume, visual complexity, and customer approvals. The brand takes around 3-5 working days for the shipment to arrive in India.
Additionally, 7-14 working days internationally depending upon the choice of the shipping carrier. They also offer multiple shipping and packaging options.
If you are interested in Fabriclore you can also talk to their expert through their official website.
