In a world increasingly looking for sustainable alternatives, Canvaloop is building a solution right from the ground up—quite literally.
The Surat-based biomaterials startup has raised $1.5 million in funding from Gujarat Venture Finance Limited (GVFL) and Rockstud Capital. The company, which also gained visibility through its appearance on Shark Tank India, is now gearing up to scale its operations and deepen its impact.
Founded in 2020 by Shreyans Kokra, Canvaloop is reimagining agricultural waste as a valuable resource. The startup converts materials like pineapple leaves, banana fibres, and hemp into eco-friendly, textile-grade fibres—offering a sustainable alternative to conventional fabrics.
At the heart of its innovation is a proprietary, climate-light, closed-loop technology that minimizes water and chemical usage. This not only reduces environmental impact but also makes the process scalable for industrial adoption.
The fresh capital will be used to expand production capacity, improve supply readiness, and reduce delivery timelines—key steps as demand for sustainable materials continues to grow across the textile industry.
Canvaloop’s approach taps into a larger shift underway in fashion and manufacturing, where brands and supply chains are actively seeking greener, more responsible inputs. By working with natural feedstocks like hemp, flax, and crop residues, the startup is positioning itself as a key enabler in this transition.
Looking ahead, the company plans to invest further in next-generation material innovation, including regenerative fibres, as it works towards building more resilient and sustainable textile value chains.
As the global conversation around sustainability moves from intent to action, startups like Canvaloop are quietly building the materials that could define the future of fashion.
