GreenStitch Secures $1.2 Million in Seed Funding
GreenStitch, a platform prioritising sustainability in the fashion and textile sectors, has successfully raised $1.2 million during its seed funding round. This round was spearheaded by Equirus InnovateX Fund, with significant contributions from Ivycap Ventures, Warmup Ventures, and Zeca Ventures.
This funding round also attracted investments from notable figures in climate and fashion, including:
- Anshuman Bapna, founder of Terra.do
- Sumit Jain, CTO of Zalora
- Pankaj Vermani, founder of Clovia
- Amit Kumar, founder of NoBroker
- Senthil Sankar, founder of Ecoline
The capital raised will be utilised to enhance the team and product offerings, as well as to establish a comprehensive database for fashion and textiles.
About GreenStitch
Founded by Narendra Makwana and Arpit Samdani, GreenStitch seamlessly integrates with enterprise ERP and PLM systems. The platform consolidates information across various tiers of the supply chain, identifies data discrepancies, and applies AI and machine learning to address these gaps. This approach guarantees accurate Scope 3 GHG calculations, even when datasets are incomplete, while also highlighting ESG risks throughout the supply chain.
Key Features of GreenStitch
- Data-Driven Emissions Tracking: GreenStitch provides advanced tools for monitoring emissions.
- Decarbonisation Tools: The platform aids companies in designing sustainable practices.
- Predictive Modelling: Enables businesses to assess the potential impact of design and supplier decisions on carbon emissions, promoting proactive sustainability measures before production commences.