INCUBATEE BUZZ
 
Startup Oasis Committed Seed Fund in Dressfolk under SAP Innocity Program
 
Dressfolk converts Indian traditional crafts into comfort contemporary clothing, making it relevant to the maverick women community. They develop western apparels using handmade & organic processes that are sold online through their website, assuring that ‘the customers get exactly what they see on the screen, every single time’
 
 
They offer a unique blend of authentic Indian traditional textile-techniques, by highly-skilled artisans from the remotest regions, and contemporary designs and motifs, signifying tradition wrapped in modernism.
Their innovation lies in the ‘Just-In-Time’ manufacturing model that requires zero inventory upkeep. Whenever a new design is launched a small number of semi-stitched pieces are made, though the final stitching and finishing are done only after receiving an order. Their Size Recommendation Engine adds to getting the apt size ordered, while the order is delivered to anywhere in the country within 3-4 days.
 
 
 
  Fabric Monde Raises Debt Fund (Follow – On –Funding)
 
Fabricmonde is an international Eprocurement platform for Indian sustainable textiles, for retailers and big brands that need to buy volumes. They have been funded and incubated at Startup Oasis, Jaipur under DFID UK, TDB GoI supported INVENT program since 2018. They have recently raised a follow-on debt fund from Rupifi, Indifi and Lending-Kart.
 
Fabricmonde is a tech-enabled platform, that on one hand offers Business to Business sales for brands like Trueblue, Muji, and others, with a library of over twenty thousand textile designs. On the other hand, observes best practices to fuel a robust supply chain via a wide network of textile co-operatives and clusters. The start-up bridges market with artisans, such that apt textile engineering, quality assurance, and market intelligence are well integrated with their service design. Their motive is – 'Hassle-free Efficient Sourcing with On-time Quality Delivery’.
 
 
 
Startup Oasis Invest Seed Fund in Loanwiser through SAP INNOCITY Program
 
 
Loanwiser offers Multi Bank Loan advisory services to Bharat segment that can’t access loan through formal banking system. Customers are sourced and serviced through their Portal and Mobile App. 
 
 
Informal Segment customers are reached out through their tie-ups with Digital Assistance Partners, such as State Govt e-service centres in Rajasthan, Andhra Pradesh/Telangana, and Karnataka; private network like GST Suvidha Kendra etc.
The company’s digital platform converts last mile channels into a Go-To-Touch-Point for an end-to-end loan journey, right from sourcing, qualification, document collection, authentication & repayment collection etc. The company has already disbursed loan amount of INR 8.50 crores, with average loan amount of INR 4.40 Lacs. The company has tied up with 37 banks. Their proposition for the customers is –‘Apply Once, Get Loan Offers from Multiple Banks. Select the Best’ while their solution being – ‘Simple, Fast and Effective’.
 
 
 
 Interesting Updates!
 
 
  • “Textile & garment industry in India is expected to reach $ 223 bn by 2021 from $ 137 bn in 2016” - Invest India​.
  •  “The Digital Lending in India is set to grow to $100 Billion by 2023 and expected to reach $335 Billion by 2025” - Omidyar Network and Boston Consulting Group.
 
 
 WING Workshop
 
 
WING Workshop for Women Entrepreneurs conducted in Jodhpur as a part of a series of workshops in Rajasthan, Goa, Gujarat, and Maharashtra under the WING Program, a joint initiative by Startup Oasis, CIIE.CO, Startup India, and DPIIT. 
 
 
 
 
 
 
 
 
 
 
Startup Oasis
Sitapura Industrial Area
Jaipur, 302022
www.startupoasis.in
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