02 July 2022, Mumbai:
Recovo, the marketplace that monetizes textile surplus whilst leaving a positive impact on the planet.
The Barcelona-based startup launched its resale platform where fashion brands can buy and sell leftover fabrics in 2021.
They empower circularity in fashion by transforming textile waste into resources with the minimum possible impact.
After closing their first round of investment valued at 300K€, they will focus their efforts on continuing their international expansion by launching their website in Portuguese, Italian and Spanish.
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Recovo with a business model inspired by Too Good to Go gives a second life to fabrics, thus offering a solution to the great problem of textile waste that the industry is currently experiencing (every year more than 92 million tons of textile waste are generated).
After the appearance of the new "EU strategy for textiles" regulation, brands will have no choice but to stop the destruction of their textile surplus and be more responsible towards this problem, being Recovo a fantastic alternative for the transition to a more circular future.
Brands such as Pronovias, Angel Schlesser, Hemper, Pyratex, Intexteis, La Bandera or Atelier Manola are already part of the online platform, which has a wide range of deadstock fabrics and technology to facilitate the shopping experience for its users. Brands can find on its website natural, recycled or synthetic fibers in different compositions, weights, prints and colors.
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