IndigoTex Raises INR 50M Seed Round Led by IAN Angel Fund

IndigoTex Secures INR 50 Million Seed Funding

IndigoTex, a patent-backed deeptech textile startup originating from IIT Delhi's Research and Innovation Park, has raised INR 50 million in a Seed funding round. The round was led by IAN Angel Fund, with participation from SIDBI, FITT IIT Delhi, and IIT Delhi Angels. The funding was announced on October 6, 2026.

What IndigoTex Does

IndigoTex has developed India's first waterless wool finishing technology. Its core innovations are built around two platforms:

• IndiWool – a platform that blends indigo-dyed wool with denim and other fibres to create all-weather and cold-climate fabrics.
• ECOTEX – a patented process that delivers waterless, chemical-free finishing for washable wool and poly-wool fabrics.

The company operates a finishing facility in Sonipat, Haryana, with research and development activities based at IIT Delhi. Its target markets include fashion, home textiles, defence, and workwear, with a geographic focus on Europe, Australia, and other cold-climate regions.

Founders and Background

IndigoTex was founded by Satendra Singh, B.S. Butola, and Dilip Singh. The company's roots in IIT Delhi's innovation ecosystem are reflected in the participation of FITT IIT Delhi and IIT Delhi Angels in the funding round.

Funding Details

• Round type: Seed
• Amount: INR 50,000,000 (INR 50 million)
• Date: October 6, 2026
• Lead investor: IAN Angel Fund
• Other investors: SIDBI, FITT IIT Delhi, IIT Delhi Angels

Why This Matters for the Textile Sector

The textile industry is under increasing pressure to reduce water consumption and chemical usage. IndigoTex's waterless finishing technology addresses these environmental concerns while producing fabrics suitable for cold-weather and all-weather applications. The company's patented processes and focus on wool-denim blends position it in a niche that spans multiple markets, from fashion to defence.

Acquisition Angle

For strategic acquirers in textiles, specialty chemicals, or advanced materials, IndigoTex represents a potential opportunity to gain access to patented waterless finishing technology and a portfolio of wool-based fabric innovations. The company's presence in cold-climate markets across Europe and Australia could complement existing supply chains or open new geographic segments. Its ties to IIT Delhi provide a pipeline of research talent and ongoing innovation.

With this Seed funding, IndigoTex is positioned to scale its finishing facility in Sonipat and expand commercial reach in its target markets. The involvement of institutional investors such as SIDBI and IAN Angel Fund signals confidence in the company's technology and market potential.

Summary

IndigoTex has raised INR 50 million in Seed funding led by IAN Angel Fund, with backing from SIDBI, FITT IIT Delhi, and IIT Delhi Angels. The company's waterless wool finishing technology and IndiWool platform target fashion, home textiles, defence, and workwear markets, with a focus on cold-climate regions. This funding marks a step forward for the IIT Delhi-incubated startup as it looks to commercialise its patented textile innovations.