From 75 Rejections to a Rs 4.5 Crore Revenue: How Two Students Built a Sustainable Startup

Turning Textile Waste into Durable Infrastructure

Laksh Sharma and Deep Sanghani, two young entrepreneurs, have developed a model to convert textile waste into sustainable composite boards. Their startup, Re-Verse, aims to address the millions of tons of fabric waste generated annually in India. Despite facing significant skepticism, with 75 investors initially rejecting their business idea due to concerns about the durability of waste-based materials, the founders persisted.

Innovation and Product Development

The duo established a 60,000-square-foot facility in Ahmedabad’s Pirana industrial zone. In collaboration with the Taiwanese firm WYNIST, they produce boards under the 'Weinix' brand. The manufacturing process involves:

• Utilizing 70% textile waste and 30% eco-friendly bio-binders.
• Creating 8x4 feet composite boards designed to be waterproof, termite-resistant, fire-retardant, and stain-resistant.
• Positioning these boards as sustainable alternatives to traditional plywood, MDF, and marble.

Growth and Future Outlook

After securing an initial institutional seed round of Rs 9.5 crore, the company has reached a valuation of Rs 100 crore. As of late 2025, Re-Verse has partnered with 30 B2B distributors nationwide. Beyond the financial milestones, the founders report that their production process helps save over 1 million trees annually by diverting textile waste from landfills.

Currently, the company exports to European markets like Germany and plans to expand into North America and the Middle East. The startup intends to scale its monthly production capacity from 1.2 lakh square feet to 10 lakh square feet over the next two years, aiming for a revenue exceeding Rs 100 crore and eventually planning an IPO within five years.

*Verification: Investors and stakeholders can verify these details by visiting the official Re-Verse company portal or reviewing public corporate filings related to their seed funding rounds.*