
Fabriclore raises $7,00,000
The Hindu
Fabriclore, a textile commerce platform based out of Jaipur, said it has raised $700,000 (about ₹5.2 crore) as part of the pre-Series A round. The funding was led by Gurgaon-based Fluid Ventures with
Fabriclore, a textile commerce platform based out of Jaipur, said it has raised $700,000 (about ₹5.2 crore) as part of the pre-Series A round.
The funding was led by Gurgaon-based Fluid Ventures with $2,40,000 and subsequently followed by Mulberry Silks from Bengaluru, and Eiffel Industries from Arizona, USA adding $4,60,000 to complete the round.
Vijay Sharma, CEO said, “The capital will further widen our product portfolio fabrics for a global audience, offline experience studios, and industry-first customisation user experience.”

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.











