Jaipur-based tech-enabled fabric sourcing platform for fashion business, Fabriclore, has raised $1.6 million (Rs 13.37 crore) in funding led by PeerCapital from Bengaluru and Regal Fabrics from the United Arab Emirates, as announced by the company on Tuesday.

"By implementing tech-enabled processes, the company has substantially reduced delays by 20% and customer rejections by 33%, setting a new benchmark in the industry. On the other end, 50 to 60% of the product development cost of a fashion brand is attributed to fabric sourcing alone across multiple vendors for each garment collection that they develop. Therefore, we are building add-on software tools for fashion brands to make fabric discovery, sourcing, production, and design management much easier," said Vijay Sharma, CEO of Fabriclore.

With this funding, Fabriclore plans to expand its presence in key markets, including India, the Middle East, Europe, and the USA. The company will invest in technology to further streamline its operations, enhance customer experience, and scale in international markets.

Fabriclore has established alliances with leading fabric mills across India, curating a wide portfolio of cotton, viscose, sustainable, and polyester fabrics. The company ensures traceability and authenticity through direct partnerships with leading mills and yarn suppliers.

Founded in 2016 by Vijay Sharma, Sandeep Sharma, and Anupam Arya, Fabriclore has a catalogue of 10,000 stock-keeping units (SKUs) developed by over 550 suppliers across India. Within 12 months of its B2B pivot, it has onboarded over 200 private labels, primarily from India and the Middle East. The company operates a 10,000-square-foot warehouse with an in-house quality inspection unit and has partnered with internationally accredited testing labs to provide certificates for specific tests required by clients.

Fabriclore also created the Fabric Experience Studio in Jaipur, offering a hands-on touch-and-feel experience of a vast portfolio of fabrics sourced from 50 mills. It plans to open more such experience studios in tier-A cities in India and the UAE.