Angel Investments
Wool-based fabric producer IndigoTex raises Rs.5-Cr
Delhi-based IndigoTex has raised INR 5 crore in a funding round led by IAN Angel Fund with participation from SIDBI, FITT and IIT Delhi Angels. Founded in 2024 by Satendra Singh, Prof. B.S. Butola, and Dilip Singh, the company develops waterless wool finishing technology and wool-based fabrics, including its IndiWool Denim and Ecotex Wool products.The company plans to use the new funds to establish manufacturing capabilities, expand its sales and operations team, and commercialise its textile product line.
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