Investment Overview - GVFL invested INR100 million in Canvaloop, with Rockstud Capital contributing an additional INR33 million [1] - The total investment amounts to approximately $1.4 million [5] Company Profile - Canvaloop, founded in 2020 by Shreyans Kokra, specializes in developing spinnable fibers from agricultural waste, including hemp, flax, banana, nettle, and pine [1] - The company offers products under names such as HempLoop, FlaxLoop, BanLoop, NettleLoop, and PineLoop [1] Production and Expansion Plans - Canvaloop aims to increase its monthly production capacity from 30 tonnes to 300 tonnes with the new capital [2] - The company plans to enhance research and development in regenerative cellulose and expand its team to support growth [2] Market Position and Sustainability Goals - Canvaloop targets premium and luxury market segments through proprietary processing that ensures consistent and cost-effective quality [4] - The company aligns its objectives with the textile and fashion industry's goal to reduce greenhouse gas emissions from fiber and raw material production by 45% by 2030 [4] Innovation and Technology - Canvaloop utilizes a proprietary low-impact technology to transform agricultural waste into textile-grade materials and yarns [5] - The company's closed-loop process eliminates the use of solvents, recycles water, and uses bio-waste as a heat source [5] Client Base and Commercial Viability - Canvaloop has supplied over 200 clients, confirming the commercial viability of its products [3]