Funding round · Industrial tech
IndigoTex raises ₹5 crore to commercialise wool textile technology
IAN Angel Fund leads the IIT Delhi venture’s move towards larger-scale production.
From research to production
SIDBI, FITT and IIT Delhi Angels joined the financing led by IAN Angel Fund. IndigoTex is building manufacturing capacity in Sonipat while keeping its research work at IIT Delhi.
The company is moving its wool denim and washable wool technologies towards commercial production. Its early market development targets apparel brands and fabric buyers in Europe and other colder-climate markets, linking laboratory work to industrial demand.
Use of funds
Set up manufacturing and finishing capacity
Commercialise wool denim and washable wool fabrics
Expand sales, operations, research and product certification
Funding history
Funding round · This round₹50M