Surat-based B2B textile manufacturing startup Fantail has raised ₹13.75 crore (~$1.6 million) in a Seed funding round led by Riverwalk Holdings, Incubate Fund Asia, and All In Capital.

Goyel & Goyal advised the lead investor Riverwalk on all aspects of this transation, including legal due diligence.

The transaction team was led by Akshit Goyal (Partner), with assistance from Associates Abhilasha Mittal and Shivantika Srivastava.

The Due Diligence team consisted of Aishwarya Srivastava (Senior Associate), Rishi Shah (Senior Associate), and Associates Mittal and Srivastava.

This is Fantail's first institutional seed funding round co-led by Riverwalk Holdings, Incubate Fund Asia, and All In Capital. The funds will be used to upgrade partner infrastructure, build proprietary backend tech for traceability and efficiency, and expand the team.

Founded in 2023 by Ramya Iyer, Fantail integrates end-to-end manufacturing by working directly with weavers, mills, and processors, covering everything from yarn stage to finished garments. The company owns and operates captive weaving & processing facilities in Surat and also has a dedicated design & sampling facility in Gurgaon.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.