Fantail Raises US$ 1.6 Million To Build Surat’s First MMF Brand
Fantail, a Surat-based B2B textile company specializing in man-made fibres (MMF), has secured US$ 1.6 million in seed funding. The round was led by Riverwalk Holdings, Incubate Fund Asia, and All in Capital.
Founded in 2023 by serial entrepreneur Ramya Iyer, Fantail is positioning itself as Surat’s first MMF brand, tapping into the city’s global standing as the second-largest MMF hub. The company designs and manufactures fabrics for enterprise fashion retailers across value, premium, and luxury segments.
The fresh capital will be used to invest in partner weavers, mills, and processors in Surat, enhance backend technologies, and strengthen the team, especially in design, quality, and technical roles.
Jai Sumer Singh, Founder & MD of Riverwalk Holdings, remarked, “Surat’s MMF market is massive but lacks a brand that stands for quality and innovation. Fantail is filling that gap by streamlining the supply chain and offering proprietary designs.”
Rajeev Ranka, Partner at Incubate Fund Asia, added, “Fantail bridges the fragmented textile ecosystem by offering faster, reliable supply solutions to retailers, exporters, and manufacturers.”
By connecting modern retail needs with traditional textile SMEs, Fantail aims to become a key enabler for India’s growing organized fashion industry.
