Fantail, a Surat-based B2B man-made textile company designing and manufacturing products for enterprise fashion retail, has received $1.6 million in a seed round led by Riverwalk Holdings, Incubate Fund Asia & All in Capital, according to the company's official statement.

Founded in 2023 by a seasoned entrepreneur Ramya Iyer, Fantail aims to be the first MMF brand out of Surat, the world’s second-largest ecosystem for man-made fibres and textiles.

Fantail plans to use fresh funding for 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. 

Commenting on the investment, Jai Sumer Singh, founder and managing director of 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."

"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," said Rajeev Ranka, Partner at Incubate Fund Asia.

Fantail designs and manufactures fabrics for enterprise fashion retailers across value, premium, and luxury segments. It acts as a link between the needs of contemporary, organised fashion retail—an industry that is expanding significantly in India and emerging markets—and traditional textile SMEs.