Thread Factory Raises Rs 1.5 Crore for Fashion Supply Innovations

Thread Factory has successfully secured Rs 1.5 crore in a pre-seed funding round led by Aviral Bhatnagar from AJVC. This funding will be directed towards enhancing their technology infrastructure, expanding their workforce, onboarding additional retailers and manufacturers, and developing a data-driven supply system for the Indian apparel industry.

About Thread Factory

Founded by Vivek Solanki and Paras Jindal, Thread Factory is creating a B2B platform aimed at connecting independent apparel retailers with manufacturers throughout India. This innovative platform is designed to simplify the process for retailers in discovering and sourcing designs while also providing manufacturers with improved demand visibility for better production planning.

Addressing Supply Chain Inefficiencies

Thread Factory is tackling the inefficiencies prevalent in India’s fashion supply chain, where a significant portion of sourcing continues to occur through informal channels such as phone calls and WhatsApp. This often results in inaccurate demand forecasting, inefficient procurement processes, and excessive inventory for retailers.

Streamlined Retailer Experience

Through its platform, Thread Factory enables retailers to browse products and place orders directly, while also collecting transaction-level data to enhance supply chain intelligence. The startup proudly reports an annual recurring revenue (ARR) of approximately Rs 4 crore alongside a 60% monthly repeat customer rate. Additionally, it has successfully onboarded over 40 manufacturers to date.

AJVC’s Growing Portfolio

AJVC, an early-stage investment firm led by Aviral Bhatnagar, is actively expanding its presence among emerging startups in India. Its investment portfolio includes a diverse range of companies such as Bubble Me, Finanjo, Mindcase, Care Dale, HandyPanda, Multibagg AI, Nuyug, Mithila Foods, Jaagruk Bharat, TruFides AI, Chop Finance, Gaadi Mech, and Iztri.