Textile Manufacturing Startup Fantail Raises Rs.13.75 Cr. in Seed Funding

20 August 2025: Surat-based B2B textile manufacturing startup Fantail has raised Rs.13.75 crore (around $1.6 million) in a Seed funding round led by Riverwalk Holdings, Incubate Fund Asia and All In Capital. The proceeds will be used to support investments in partner SMEs across Surat, helping them build capabilities for efficient, large-scale production. Founded in 2023 by Ramya Iyer, Fantail integrates end to end manufacturing by working directly with weavers, mills, and processors, covering everything from yarn stage to finished garments.

This marks Fantail’s first institutional round, following its founding by Iyer, who brings over a decade of experience working with Surat’s textile supply chain.

“In B2B, timing is of great significance. I have personally worked with the Surat ecosystem for a decade, and in the coming years, we will see a lot of action in manufacturing 2.0 here,” said Iyer.

According to the startup, its structured approach enables faster turnaround times, improved quality control and reduced capital inefficiencies.