Canvaloop, a biomaterials startup, has secured $1.5 million in funding from Gujarat Venture Finance Limited (GVFL) and Rockstud Capital. The company, founded in 2020 by Shreyans Kokra, specializes in transforming agricultural waste like pineapple, banana, and hemp into eco-friendly textile-grade fibers using a unique closed-loop technology. This proprietary process minimizes water and chemical usage, making it a sustainable solution for the textile industry.
The investment will enable Canvaloop to expand its production capacity, enhance supply chain efficiency, shorten delivery times, and further develop its alternative fiber platform. The Surat-based startup’s focus on natural feedstocks such as hemp, flax, and crop residues highlights its commitment to creating scalable and environmentally friendly material alternatives.
With plans to invest in next-generation material innovation, including regenerative fibers, Canvaloop aims to drive the textile industry towards more sustainable and resilient value chains. By leveraging innovative technologies, the company is positioned to contribute to the sector’s transition towards eco-conscious textile production.
Source: Entrackr : Latest Posts