The biomimetic scaffolds were fabricated using two natural biopolymers; Konjac glucomannan (KGM) and Silk fibroin (SF). The various proportions of KGM (1%) and SF (1%–2%) solutions were cross‐linked using citric acid as a cross linker and then lyophilized to prepare the fibrous scaffolds. The physicochemical properties of the KGM/SF scaffolds were investigated using FT‐IR analysis, TGA analysis, SEM, porosity, swelling, in vitro biodegradation, and mechanical characterization. FTIR spectra revealed the presence of characteristic functional moieties in the KGM/SF scaffolds. The improved thermal stability was observed for KGM/SF scaffolds compared to the control. The SEM images revealed that the scaffolds exhibited a porous morphology. The biodegradation of KGM/SF scaffolds was almost 77% until day 21, showing the biodegradable nature of the KGM/SF scaffolds. The compression strength of KGM/SF scaffolds was significantly higher than the KGM scaffold and eligible for soft tissue engineering. The KGM/SF scaffolds were further characterized by in vitro cell viability and cell attachment in fibroblast cells, demonstrating the non‐toxicity of scaffolds. Finally, in vivo CAM assay was successfully performed and determined the efficacy of KGM/SF scaffolds in vascularization. Overall, the results demonstrated that the KGM/SF scaffolds are biocompatible and capable of promoting vascularization in tissue engineering and biomedical applications.