Canvaloop raises 1.4 million dollars and plans to multiply textile production tenfold
GVFL, an Indian venture capital firm, invested INR 100 million and Rockstud Capital contributed the remaining INR 33 million. Founded in 2020 by Shreyans Kokra, Canvaloop develops spinnable fibers from crop residues, including hemp, flax, banana, nettle and pine, under product names such as HempLoop, FlaxLoop, BanLoop, NettleLoop and PineLoop. The company designs its materials…