India, June 24 -- Textile manufacturing startup Fantail has secured INR 13.75 Cr ($1.6 Mn) in a seed funding round co-led by Riverwalk Holdings, Incubate Fund Asia and All in Capital.

The Surat-based startup plans to use the fresh capital to upgrade machinery at its partner weavers, mills and processors. Additionally, the proceeds would be deployed to streamline operations and hire people across design, quality and technology domains.

Founded in 2023 by Ramya Iyer, Fantail is a business-to-business (B2B) textile manufacturer which operates in the MMF space. Partnering with its network of weavers, mills and processors in Surat, Fantail manufactures man-made fabrics such as nylon, viscose and polyester.

With the help of its manufacturing...