Canvaloop, a biomaterials startup remodeling agricultural waste into textile-grade fibres, has raised $1.5 million in funding from Gujarat Enterprise Finance Restricted (GVFL) and Rockstud Capital to scale its various fibre platform in India.

Canvaloop is concentrated on remodeling agricultural waste into high-performance, textile-grade fibres utilizing its proprietary multi-step expertise. The startup stated it really works with a spread of pure feedstocks, together with hemp, flax, and different crop residues, to develop sustainable and scalable materials options for the textile trade.

Its options are designed to assist textile producers in adopting extra environmentally accountable and commercially viable manufacturing processes, the discharge notes.

The Shark Tank India-featured startup will use the raised capital to increase manufacturing capability, enhance provide readiness, cut back supply timelines, and speed up the business scale-up of its various fibre platform. It is going to additionally give attention to next-generation materials innovation, together with Regenerative fibre.

“This elevate is a crucial milestone in our journey. From the start, we now have believed that sustainability needs to be constructed for actual adoption — on the pace, high quality, and scale the trade calls for. With the assist of GVFL and Rockstud Capital, we’re excited to strengthen our manufacturing base, deepen materials innovation, and transfer nearer to constructing one of the crucial necessary various fibre platforms to emerge from India,” stated Shreyans Kokra, Founding father of Canvaloop.

GVFL Managing Director Mihir Joshi, stated, “Canvaloop exemplifies the scalable innovation Gujarat startups are delivering in deep-tech sustainability. With its founder, Shreyans Kokra’s imaginative and prescient, we’re excited to gasoline their journey from an area waste-to- fibre pioneer to a world provide chain spine. This funding aligns with GVFL’s dedication to high-impact ventures driving environmental and financial worth.”

Abhishek Agarwal, Managing Accomplice at Rockstud Capital, stated, “India’s manufacturing future shall be formed by founders rethinking supplies and provide chains. Canvaloop’s means to transform agricultural waste into textile-grade supplies reveals how sustainability and industrial innovation can go hand in hand. We expect such options are very important for the shift to round manufacturing in world provide chains.”