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 fresh capital will be used to set up manufacturing facilities, strengthen the company’s sales and operations team, and support the commercialisation of its textile products.
Building Waterless Wool Technology
Founded in 2024 by Satendra Singh, Prof. B.S. Butola and Dilip Singh, IndigoTex is developing technology for waterless wool finishing along with wool-based fabrics.
One of its key products is IndiWool Denim, which combines wool with denim to create fabrics suited to different climatic conditions. The range includes fabrics with lower wool content designed for all-weather use as well as wool-rich fabrics aimed at colder climates.
The startup is also developing ECOTEX Wool, a technology focused on making wool and poly-wool fabrics washable.
IndigoTex has already set up a finishing facility at Rai Industrial Area in Sonipat, Haryana, while its research and development activities continue at the Research and Innovation Park at IIT Delhi.
Engagements With Global Brands
The startup is also looking to build partnerships with premium and international textile and fashion companies.
IndigoTex has signed non-disclosure agreements (NDAs) with Ralph Lauren and Kering Group in France. It is also in discussions with premium and luxury brands, garment manufacturers, fabric exporters and sourcing companies.
The company has started engagements across Europe and cold-climate markets such as Australia, while discussions are also underway in France, Russia and Denmark.
These engagements are aimed at taking IndigoTex’s textile technologies and products into international markets as it moves towards commercialisation.
Selected for Bharat Innovates 2026
IndigoTex was among 120 startups selected for Bharat Innovates 2026, which was held in Nice, France, as well as at the BRICS Summit 2026.
With the latest funding, the company plans to move its technology closer to commercial-scale production while expanding its sales and operations capabilities.
The focus remains on developing textile solutions that reduce water use in wool processing and creating new wool-based fabrics for both domestic and international markets.
-By Shivani Solanki
