IndigoTex, a deeptech textile startup originating from IIT Delhi, has raised ₹50 million in a funding round led by IAN Angel Fund. SIDBI, FITT, and IIT Delhi Angels also participated in the round. The investment will support the company's efforts to commercialize waterless wool finishing technology and build a global presence in sustainable textile manufacturing.
Funding Details and Strategic Objectives
The fresh capital will be deployed toward setting up manufacturing operations, expanding the sales and operations team, and commercializing the company's textile products. IndigoTex also plans to invest in further research and development, product certifications for domestic and international markets, and build-for-scale initiatives. These steps are intended to accelerate the startup's transition from research-driven innovation to commercial production.
Founded in 2024 by Satendra Singh, Professor B.S. Butola, and Dilip Singh, IndigoTex is establishing a deep-tech foundation for export-oriented and high-value textile products. The company's manufacturing facility is located in Rai Industrial Area, Sonipat, Haryana, while research and development continues at the Research and Innovation Park at IIT Delhi. This combination of academic research and industrial capability underpins its commercialization strategy.
IAN Angel Fund is the evergreen fund of IAN Group, a SEBI-registered Category I alternative investment fund and part of India's leading early-stage investment platform. The platform supports founders with capital, mentoring, and access to global markets through a network of around 500 investors. Its participation in this round underscores institutional confidence in IndigoTex's technology and market potential.
Technology and Product Portfolio
IndigoTex is developing waterless wool finishing technology and wool-based fabrics under its IndiWool Denim and ECOTEX Wool brands. IndiWool Denim combines the durability and versatility of denim with the thermal and comfort properties of wool, offering variants that range from low wool content for all-weather use to wool-rich fabrics for colder climates. ECOTEX Wool focuses on enabling washable wool and poly-wool fabrics, reducing the conventional dependence on dry cleaning for wool garments.
The company's waterless finishing process addresses sustainability challenges in textile manufacturing by reducing water consumption during wool processing. This approach positions IndigoTex as a notable player in advanced and technical textiles from India. Its broader portfolio spans innovative wool, technical textiles, and sustainable manufacturing solutions designed for comfort, performance, and processing efficiency.
Global Market Engagement
IndigoTex has signed non-disclosure agreements with Ralph Lauren and Kering Group in France and is in active discussions with premium and luxury brands, garment manufacturers, fabric exporters, and sourcing companies. The startup is also building an international market presence across Europe and cold-climate markets such as Australia, with conversations underway in France, Russia, and Denmark. These engagements could provide important commercial validation for its fabric technologies.
IndigoTex was among 120 startups selected for Bharat Innovates 2026 in Nice, France, and it also participated at the BRICS Summit 2026. The company plans to deepen its presence across Europe, North America, Australia, and other cold-climate markets as it scales commercial operations. This international recognition reflects growing interest in India-based deeptech textile innovation and sustainable manufacturing.
The investment led by IAN Angel Fund provides IndigoTex with capital to move from early-stage research toward commercial scale in waterless textile processing. With manufacturing, R&D, and international partnerships taking shape, the startup is positioned to serve premium and technical textile markets. Its progress may contribute to establishing India as a source of advanced, sustainable textile innovation for global buyers.