# Shapos Services Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shapos-services-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.reshamandi.com
- Total disclosed funding: $38M
- Latest round: Series A (Jun 21, 2022)
- Investors on record: 10

## About

Based in India, Shapos Services Pvt. Ltd. operates a platform aimed at transforming the silk and textile supply chain, enhancing the connectivity between farmers, manufacturers, and retailers.Founded by Mayank Tiwari and Saurabh Agarwal, Shapos Services Pvt. Ltd. focuses on optimizing the silk supply chain through technological solutions. The company is headquartered in Bangalore, India. It has successfully raised INR 1.19 billion in Series A funding on June 21, 2022, led by Creation Investments Capital Management and Stride. The total amount raised to date is INR 1.19 billion, with a current valuation of INR 15,871.798 million.Reshamandi specializes in providing a comprehensive platform aimed at revolutionizing the supply chain of silk and textile products. Their core offerings include end-to-end solutions that connect farmers, manufacturers, and retailers, thereby streamlining the production and distribution of silk. By leveraging technology, Reshamandi addresses critical inefficiencies in traditional practices, ensuring transparency and traceability throughout the supply chain. The platform not only supports local farmers in optimizing their yields but also allows manufacturers to access high-quality raw materials efficiently. This service caters primarily to the Indian market, with an extended focus on international clientele looking for sustainable sourcing options in the textile industry.In the most recent year, Shapos Services Pvt. Ltd. generated a revenue of INR 55,553,118.80, with an EBITDA of INR -7,335,342.70. The company operates on a B2B model, engaging with various stakeholders in the silk and textile ecosystem, and utilizes a transactional framework with partners for services related to production and distribution.Following the INR 1.19 billion raised in Series A funding in June 2022, Shapos Services Pvt. Ltd. plans to expand its product offerings and enhance its platform capabilities. The funding will be directed towards developing new features aimed at improving operational efficiencies within the supply chain. Additionally, the company seeks to enter new geographic markets, particularly targeting regions with growing demand for sustainable textile sourcing solutions.

## Funding rounds

- Series A, Jun 21, 2022, $15M — Creation Investments Capital Management, Stride
- Series A, Oct 13, 2021, $21M — Omnivore, Creation Investments Capital Management, Venture Catalysts, Z Nation Lab, 100Unicorns
- Seed, Jan 8, 2021, $1.7M — Omnivore, STRIVE, Supply Chain Ventures, Axilor Ventures, LVX

## Investors

- Omnivore (https://capitalatlas.ai/funds/omnivore) — Seed, Series A
- STRIVE (https://capitalatlas.ai/funds/strive) — Seed
- Supply Chain Ventures (https://capitalatlas.ai/funds/supply-chain-ventures) — Seed
- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- Creation Investments Capital Management (https://capitalatlas.ai/funds/creation-investments-capital-management) — Series A
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Series A
- Z Nation Lab (https://capitalatlas.ai/funds/z-nation-lab) — Series A
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Series A
- Stride (https://capitalatlas.ai/funds/stride) — Series A