Locofast funding, investors and company details

Locofast is an emerging Textiles startup from New Delhi, working in the space of Locofast operates in the textile industry as a B2B procurement platform. Its core focus is streamlining fabric sourcing for fashion brands, garment manufacturers, and exporters.. Founded by Deepak Wadhwa, Mohit Piplani.

Company: LOCOFAST ONLINE SERVICES PRIVATE LIMITED
Sector: Textiles
Location: New Delhi
Founders: Deepak Wadhwa, Mohit Piplani
Total funding raised: ₹113.85 Cr

Company overview

Locofast is a Delhi-based B2B textile procurement platform founded in 2019. It connects manufacturers, suppliers, and buyers to streamline fabric sourcing for brands and export houses.Locofast aims to fix inefficiencies in the textile supply chain by offering transparent pricing, streamlined ordering, and global vendor connections for fabrics like cotton, rayon, and sustainable materials. It targets B2B buyers including export houses and brands, with goals to become Southeast Asia's largest textile marketplace following a $15M Series A raise.

Funding rounds

Latest round (Series A): $ 15.00 Mn (₹113.85 Cr.), 2022-03-01. Investors: Chiratae Ventures, Stellaris Venture Partners