Fantail, a Surat-based B2B textile manufacturing startup, has raised $1.6 million in a seed funding round led by Riverwalk Holdings, Incubate Fund Asia and All in Capital.
With the infusion of this capital, Fantail plans to make strategic investments across multiple fronts, including processes and machinery investments in its partner weavers, mills, and processors in Surat, the development of backend technologies to streamline operations, and the acquisition of talent, particularly in design, quality, and technical domains.
Founded in 2023 by Ramya Iyer, Fantail is a B2B man-made textile company based in Surat, India, that designs and manufactures fabrics for enterprise fashion retail. Fantail brings structure, technology, and scalability to the traditionally unorganized MMF ecosystem.
Fantail works at full depth with weavers, mills, processors, and value-addition units to design, develop, and build products for fashion retail brands. Fantail’s supply chain is integrated across players right from the yarn stage to the final garment stage.
The company serves brands across value, premium, and luxury segments, with a vision to build a globally recognized MMF brand from India.
Ramya Iyer, Founder of Fantail said, “In B2B, timing is of great significance. I have personally worked with the Surat ecosystem for a decade, and I think in the coming few years, we will see a lot of action in manufacturing 2.0 here. If we solve for the operational hurdles in scale and keep a strong focus on capital efficiency, we can truly harness the power of this ecosystem. I believe Fantail is at the right time, at the right place. With the right team, we can truly build a valuable MMF brand from Surat. We’re fortunate to have investors who are patient and understand our approach and this space well.”
Jai Sumer Singh, Founder & Managing Partner, Riverwalk Holdings, said, “Despite the massive MMF market in Surat, there’s no company that’s built a brand which stands for quality, trust, and forward-thinking design. We saw Fantail stepping in to bridge this gap by standardizing the fragmented supply chain and building proprietary designs with a customer-first mindset, and are excited to back them.”
Rajeev Ranka, Partner at Incubate Fund Asia, said, “Fantail is serving a vast yet fragmented value chain of finished textiles, catering to retailers, exporters, and manufacturers. Fantail’s integrated supply chain solutions enable them to provide a faster, more reliable source of supply, ensuring seamless operations across the industry. We are excited to partner with Ramya and team with a sharp focus on digitizing the supply chain for the textile industry and unlocking new efficiencies.”
Aditya Singh, Partner, All In Capital, said, “Fantail is going after one of the largest and most under-digitized sectors in India—Surat’s $40B MMF ecosystem. The opportunity to organize and modernize this supply chain for enterprise retail is massive. What gave us conviction was not just the scale, but Ramya’s rare combination of deep domain experience and relentless execution. Her clarity, energy, and sharp understanding of the ecosystem stood out. We believe Fantail has all the ingredients to build a foundational B2B company from India.”
