Creation Investments led a $30m Series A funding round in ReshaMandi.

Creation Investments, an alternative investment manager, led a $30m Series A funding round in ReshaMandi, a silk-tech startup that serves as a B2B marketplace for silk farmers, businesses, and retailers, with participation from 9 Unicorns, Venture Catalysts, Sandeep Singhal, Brijesh Agarwal, Omnivore, Northern Arc, Alteria, Innoven and Stride Ventures. “We are delighted to lead this funding round for ReshaMandi. With India producing 30% of the world’s silk and still needing more to meet demand, companies like ReshaMandi can make the whole silk supply chain run more efficiently. Ultimately, this benefits the whole ecosystem – from farmers and weavers to clothing manufacturers and buyers,” Tyler Day, Creation Investments Partner.