Nūl Co-founders Raghav M. S and Malini Kannan

Wavemaker Impact, Southeast Asia’s leading climate tech venture builder, has launched Nūl Global Technologies Pte. Ltd. (Nūl), a pioneering AI-driven climate tech startup, with a US$500,000 pre-Seed investment.

Co-founded by Malini Kannan and Raghav M. S. in Singapore, Nūl exists to help fashion brands and apparel companies reduce overproduction and improve inventory management through advanced AI technology.

Nūl enables fashion companies to forecast demand more accurately, plan production effectively, and optimise inventory allocation across channels. By integrating agentic AI with the brand’s existing operations, Nūl transforms data into actionable insights that help minimise waste while maximising the brand's objectives.

The fashion industry, which accounts for 6-10% of global carbon emissions, is facing significant challenges. The processes involved in creating a single item of apparel can emit up to 6 kg of CO2, and approximately 30% of fashion products go unsold, leading to waste through markdowns, recycling, or disposal. This loss can account for 7-10% of a brand’s revenue. At the same time, brands often struggle with stockouts of bestsellers, missing out on potential revenue. Nūl's technology seeks to balance these two challenges, reducing waste while maximising profitability.

“Overproduction is detrimental to both business and the environment,” said Malini Kannan, Co-founder and CEO of Nūl. "Traditionally, overproduction has been seen as an inevitable byproduct of legacy systems and long supply chains. However, we believe that next-generation technologies like ours can help fashion brands bridge these gaps significantly."

Despite the size of the global fashion market—worth US$2 trillion—few tailored solutions exist for inventory management that offer the depth of intelligence required to manage stock across size, style, color, and location. Nūl addresses this gap by co-developing solutions with medium-sized fashion brands and keeping operational challenges at the forefront of its approach.

“Nūl is the first to integrate advanced decision science with agentic AI specifically designed for the fashion industry,” said Raghav M. S., Co-founder and CTO of Nūl. “Rather than simply providing insights, our platform enables brands to seamlessly apply them to their daily operations. Nūl works alongside merchandising, planning, and allocation teams, continuously learning and supporting their decisions.”

Malini and Raghav both have extensive experience in building technology companies serving global markets. Raghav, a serial tech entrepreneur, has led two successful exits and served as CTO of a fashion technology platform supporting agile manufacturing in Southeast Asia. Malini has held leadership roles in global fintech companies, spanning startups to VC-backed scale-ups.

Nūl is currently piloting its solution with several apparel brands in Southeast Asia. One key challenge addressed during these trials is the end-of-season inventory rebalancing across stores and channels. Nūl’s platform allows brands to efficiently redistribute inventory, moving stock to locations where it is more likely to sell quickly, resulting in a 10% revenue uplift in these trials.

The pre-Seed funding will enable Nūl to enhance its pilot projects in South East Asia, expand its partnerships, and commercialise its solution on a global scale.

“The average apparel production lead time is 2.5 times longer than the lifespan of a trend—leading to overproduction, significant revenue loss, and environmental impact. Nul’s data-driven approach demonstrates strong potential to help medium-sized brands improve demand planning and inventory allocation, boosting sell-through rates by up to 50% while potentially avoiding 7,500 tCO2e of overproduction-related emissions each year per brand,” said Marie Cheong, Founding Partner at Wavemaker Impact. “We’re confident that Malini’s and Raghu’s combined cross-sector expertise and technical experience will unlock this opportunity.”

About Nūl

Nūl is a pioneering fashion technology company focused on helping global fashion brands transition to zero-waste production. By combining agentic AI with data science and machine learning, Nūl assists brands in planning, allocating, and replenishing stock more efficiently, ultimately reducing overproduction and increasing profitability.

About Wavemaker Impact

Wavemaker Impact is Southeast Asia’s leading climate-tech venture build fund, part of Wavemaker Partners. Launched in 2021, Wavemaker Impact co-founds sustainability startups with proven entrepreneurs, with the goal of building a portfolio of companies by 2035 that has the potential to reduce 10% of the global carbon budget. Every startup that Wavemaker Impact builds is a ‘100x100’ company — with the potential to abate 100 million metric tonnes of CO2e and generate US$100 million revenue per year. Wavemaker Impact focuses on building ventures that target the biggest drivers of emissions such as agriculture, energy, industrial processes, built environment, and transport. Its US$60 million debut fund focuses primarily on Southeast Asia and includes limited partners such as the United States International Development Finance Corporation, British International Investment, Triple Jump, JG Summit, and Qarlbo Energy.For more information, visit wavemakerimpact.com