Surat, Mar 25: Canvaloop, a biomaterials company transforming agricultural waste into textile-grade fibres, has raised $1.5 million from Gujarat Venture Finance Limited (GVFL) and Rockstud Capital to scale its alternative fibre platform in India. The startup, which gained national attention through Shark Tank India, is now focused on expanding production capacity and accelerating the commercial adoption of sustainable fibres.
The investment marks a major milestone in Canvaloop’s journey to build India’s largest alternative fibre production facility and strengthen its position as a next-generation materials company for the textile industry. At a time when global fashion and textile value chains are urgently looking for raw material solutions that are more sustainable, scalable, and resilient, Canvaloop is building from India with the ambition to become a meaningful part of that shift.
The fresh capital will help the company expand production capacity, improve supply readiness, reduce delivery timelines, and accelerate the commercial scale-up of its alternative fibre platform. It will also support Canvaloop’s continued work in next-generation material innovation, including Regenerative fibre, as the company builds not just for today’s material transition, but for the future of textiles.
Canvaloop’s journey has always been rooted in a simple but bold belief: that agricultural waste can become the foundation for high-value textile materials at industrial scale. What began as an idea to reimagine waste as opportunity has grown into a larger vision — one where India can lead the world in building sustainable raw material solutions that combine environmental impact with manufacturing relevance.
This fundraise is not only a sign of growth for Canvaloop, but also a strong signal of confidence in a new generation of climate-conscious manufacturing businesses emerging from India. It reflects a growing recognition that the future of textiles will depend not only on better materials, but on companies capable of making those materials available with consistency, quality, and real commercial readiness.
Shreyans Kokra, Founder of Canvaloop, said, “This raise is an important milestone in our journey. From the beginning, we have believed that sustainability has to be built for real adoption — at the speed, quality, and scale the industry demands. With the support of GVFL and Rockstud Capital, we are excited to strengthen our manufacturing base, deepen material innovation, and move closer to building one of the most important alternative fibre platforms to emerge from India.”
GVFL Managing Director Mihir Joshi said, “Canvaloop exemplifies the scalable innovation Gujarat startups are delivering in deep-tech sustainability. With its founder, Shreyans Kokra’s vision, we are excited to fuel their journey from a local waste-to- fibre pioneer to a global supply chain backbone. This investment aligns with GVFL’s commitment to high-impact ventures driving environmental and economic value.”
Abhishek Agarwal, Managing Partner at Rockstud Capital, said, “India’s manufacturing future will be shaped by founders rethinking materials and supply chains. Canvaloop’s ability to convert agricultural waste into textile-grade materials shows how sustainability and industrial innovation can go hand in hand. We think such solutions are vital for the shift to circular manufacturing in global supply chains.”
With this new round of funding, Canvaloop is setting the stage for its next chapter — one focused on scale, execution, and material innovation. As the textile industry searches for alternatives that can move beyond concept and into supply chains, Canvaloop is building with a clear ambition: to make sustainable fibres not just desirable, but truly viable at industrial scale.
