Canvaloop Fibre Shark Tank India Season 3
Canvaloop Fibre
CanvaLoop, founded in Surat, consciously works to provide environmentally friendly fibers for the general public. We are able to convert the agricultural waste of bast crops into exceptional textile fibers thanks to their patented procedure. Their technique creates materials that are socially inclusive, economically feasible, and widely available, which significantly alters the textile supply chain.
Founder of Canvaloop Fibre
Nandini Sarraf and Shreyans Kokra are among the founders of Canvaloop.
Canvaloop Fibre Funding Round
Company Name | Canvaloop Fibre |
Shark Tank India Season | 3 |
Episode No | 52 |
Season No | 3 |
Brand | Canvaloop Fibre |
Idea | A bio-material science company |
Original Ask | 1 Crores for 1.33% Equity |
Deal | 2 Crores for 4% Equity |
Invested By: | Aman Gupta, Namita Thapar, Radhika Gupta, Anupam Mittal and Azhar Iqubal |
Canvaloop Fibre was on a mission to redefine the materials industry by harnessing the power of bio-material science. Their innovative approach involved utilizing natural and renewable resources to create sustainable alternatives to conventional materials. From biodegradable plastics to eco-friendly textiles, Canvaloop Fibre aimed to offer a wide range of products that not only reduced environmental impact but also performed on par with or even surpassed traditional materials in terms of quality and functionality.
The Pitch:
With an original ask of 1 Crore for 1.33% equity, Canvaloop Fibre delivered a compelling pitch that highlighted the urgent need for sustainable solutions in the materials industry. The founders shared their passion for environmental conservation and their commitment to leveraging science and technology to address pressing global challenges. They showcased their innovative bio-materials and demonstrated the potential for widespread adoption across various sectors, from packaging to fashion to construction.
The Deal:
The sharks were impressed by Canvaloop Fibre's groundbreaking technology and the potential for its impact on sustainability. After a round of negotiations, Aman Gupta, Namita Thapar, Radhika Gupta, Anupam Mittal, and Azhar Iqubal collectively offered a game-changing deal: 2 Crores for 4% equity. This strategic partnership not only provided Canvaloop Fibre with the necessary capital for research and development but also brought onboard a team of seasoned investors who shared their vision for a more sustainable future.
Investors Behind Canvaloop Fibre
Aman Gupta, Namita Thapar, Radhika Gupta, Anupam Mittal and Azhar Iqubal: Aman Gupta, Namita Thapar, Radhika Gupta, Anupam Mittal, and Azhar Iqubal's investment in Canvaloop Fibre marked a significant milestone in the company's journey towards pioneering sustainable solutions. With their backing, Canvaloop Fibre is well-positioned to accelerate its research efforts, scale its production capabilities, and drive widespread adoption of its bio-materials. The infusion of funds and expertise from the investors will enable Canvaloop Fibre to lead the way in creating a more sustainable and resilient world for future generations.
Conclusion:
Canvaloop Fibre's successful pitch and transformative deal on Shark Tank India Season 3, Episode 52, underscored the growing importance of sustainability and innovation in today's materials industry. As the company continues to push the boundaries of bio-material science, it remains committed to driving positive environmental impact and shaping a more sustainable future for all. With the support of its visionary investors, Canvaloop Fibre is poised to revolutionize the way we think about materials and pave the way for a greener, more sustainable world.