Fantail, a B2B textile manufacturing startup, has secured Rs 13.75 crore (approx. USD 1.6 million) in seed funding led by Riverwalk Holdings, Incubate Fund Asia, and All In Capital.
The funds will support partner SMEs in Surat by enhancing their skills, upgrading machines and processes, streamlining backend operations, and hiring in design, quality, and tech roles.
Fantail will also use the capital to build in-house backend tech for traceability, efficiency, and faster customer response.
In B2B, timing is of great significance. I’ve worked in Surat’s ecosystem for over a decade. If we solve for scale and efficiency, we can build a globally recognized MMF brand from Surat,” said Ramya Iyer, Founder of Fantail.
Rajeev Ranka of Incubate Fund Asia commented, “Fantail is digitising a fragmented textile supply chain, unlocking reliability and speed for retailers and exporters alike.”
Aditya Singh of All In Capital added, “Ramya’s combination of deep domain knowledge and operational clarity positions Fantail to modernise Surat’s USD 40B MMF industry.”
About Fantail
Founded in 2023 by Ramya Iyer, Fantail operates the full MMF manufacturing chain—working with weavers, mills, processors, and value addition units. It aims to bring structure, scale, and tech-led innovation to Surat’s traditionally unorganised MMF supply chain.
Fantail designs and produces fabrics for fashion retailers across value, premium, and luxury segments, bridging the gap between traditional SMEs and modern organised retail in India and emerging markets.
