Lal10 , an online marketplace for micro, small and medium enterprises (MSME) has raised $5.5 million (Rs 43 crore) in a pre-Series A round led by Yuj Ventures (Xander Group) and Beyond Capital Ventures.
The Council for Leather Exports expects India’s leather goods exports to exceed $6 billion in the 2023 financial year thanks to increasing demand in international markets which is boosting export opportunities.
Womenswear brand Injiri has branched into quilts with the launch of its new sustainable initiative ‘The Recycle Project’ which uses fabric scraps to create decorative quilts with the aim of reducing textile waste.
Over 200 small sized mills from across Tamil Nadu which work to recycle cotton waste into yarn and textiles have joined forces to launch the Recycle Textile Federation to raise awareness and advocate for the industry.
Swedish home furnishings, textiles, and décor brand Ikea has appointed Murali Iyer as its new chief financial officer for its India business as current CFO Preet Dhupar moves into a global role within the wider business.
The India Geographical Indications Fair will hold its 2022 edition from August 26 to 28 at the India Expo Centre and Mart in Greater Noida to showcase handicrafts and other regional speciality products.