ReshaMandi, a startup in the natural fibre supply chain, claims to have had an operational profit in the quarter ending in December 2022 and has goals of making net profits positive in the next two quarters.

ReshaMandi, a startup in the natural fibre supply chain, claims to have tripled its sales for the first nine months of current fiscal year compared to the same period last year, reaching Rs 1,248.3 crore. In comparison to FY2022, the corporation anticipates a five-fold increase in sales for the current fiscal year.

"The Company's revenue climbed 1,909% between FY2021 and FY2022 to reach Rs 413.8cr, and by 302% so far in the first three quarters of FY 2022-23 to reach Rs 1,248.3 crore.

"We have been able to provide services to a wide range of stakeholders, including farmers, reelers, weavers, retailers, mills, manufacturers, exporters, corporates, designers, and end users. As a consequence, the whole textile supply chain now has a unified ecosystem. Since the previous quarter, the company has achieved EBITDA profitability, and over the upcoming six months, we anticipate achieving net profit positivity "Mayank Tiwari, founder and CEO of ReshaMandi, remarked.

It plans to expand worldwide in the future by entering the US and Europe.

ReshaMandi seeks to expand its concentration on natural textiles to include materials like wool, jute, and mixes in addition to its current offers in silk, cotton, viscose, and linen (both national and international). It also plans to experiment with categories like sisal and banana.