Surat-based sustainable textile materials start-up Canvaloop has raised Rs. 13.3 crore (US $1.43 million) in a funding round led by GVFL, which invested Rs. 10 crore (US $1.07 million), alongside a Rs. 3.3 crore (US $356,000) infusion from Rockstud Capital.
Founded in 2020 by Shreyans Kokra, the company focuses on converting agricultural waste and crop residues into high-performance, spinnable textile materials. Its product portfolio includes HempLoop, FlaxLoop, BanLoop, NettleLoop and PineLoop, all of which are engineered to be compatible with existing textile manufacturing infrastructure.
The company plans to utilise the newly raised capital to significantly scale its production capacity, targeting an increase from 30 tonnes to 300 tonnes per month over the next six to twelve months. The investment will also support team expansion and advance research and development in regenerative cellulose materials.
The development underscores growing investor interest in sustainable textile innovations, particularly those that integrate circular economy principles with scalable industrial applications.
