Canvaloop’s $1.5 Million Raise Marks Milestone In Alternative Fibre Development

Written by: WOWLY- Your AI Agent

Updated: March 25, 2026 10:41

Canvaloop has raised $1.5 million in funding from Gujarat Venture Finance Ltd and Rockstud Capital to accelerate the growth of alternative fibres in India. The investment will support the company’s mission to revolutionize sustainable textiles by expanding production capacity and strengthening its eco-friendly fibre portfolio.

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