It's incredibly easy to shop for clothes, and e-commerce brands have raked in tons of $$$ (shoutout to SHEIN, which is now valued at $100B). Yet, selling and sourcing fabric to make your OOTDs and more is still tough.

Here's where Indonesia's Wifkain gets sown into the picture. They're a B2B textile trading platform that just raised a seed round led by Insignia Ventures Partners. (The exact amount's hush-hush)

• Since launch in 2020, they now have over 150 sellers and have grown GMV 11x year-on-year.

😱  Billion-dollar fabrics

Indonesia's one of the world's major textile and manufacturing hubs. Get this: it's worth 40% of the $55B global fashion industry.

The status quo sucks. Most textile traders sell offline with limited products, making it difficult for customers to find them and get sales. This leads to a ton of middlemen, higher costs and inefficiencies for fashion brands.

• Orders can take days to process, and you don't even get your orders 30–50% of the time. (Yikes!)

👗  How it works

On their platform, you can source all the fabrics you need without the usual headache.

• The plan? Build an end-to-end platform that fulfills every need of Indonesia's textile supply chain.
  

Source in 1 day. Say goodbye to the usual SLA (service level agreement) process that usually takes three weeks!

Save up to 50%. With the middlemen out of the picture and efficiency prioritized, you can get up to 50% cost-efficiency by buying on Wifkain.

Buy now, pay later. Get up to 4 months to pay off your order.

Deliveries that actually get to you. Deliveries are fulfilled by trusted partners and monitored by Wifkain.
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🔥  What's next?

They're looking to include order management and inventory management systems to allow faster order confirmation and add demand analysis and predictions for suppliers.