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IIT Delhi-originated deeptech textile startup IndigoTex has raised Rs 5 crore in a funding round led by IAN Angel Fund. SIDBI, FITT and IIT Delhi Angels also participated in the round. The proceeds will be used to set up manufacturing, expand its sales and operations team and commercialise its textile products. Founded in 2024 by Satendra Singh, Prof. B.S. Butola and Dilip Singh, IndigoTex is developing waterless wool finishing technology and wool based fabrics. Its IndiWool Denim combines wool with denim, with variants ranging from fabrics with lower wool content for all weather use to wool rich fabrics for colder climates. The company is also developing ECOTEX Wool, a technology for washable wool and poly wool fabrics. IndigoTex has set up a finishing facility in Rai Industrial Area, Sonipat, Haryana, while its R&D operations continue at the Research and Innovation Park at IIT Delhi. IndigoTex has signed NDAs with Ralph Lauren and Kering Group in France and is in discussions with premium and luxury brands, garment manufacturers, fabric exporters and sourcing companies. It has also started engagements across Europe and cold climate markets such as Australia, with discussions in France, Russia and Denmark. IndigoTex was among 120 startups selected for Bharat Innovates 2026 in Nice, France, and at the BRICS Summit 2026.
document fetched 2026-10-07 02:58