The Yarn Bazaar: Transforming India's Textile Industry
Company Overview:
Company Overview:
Founded in Mumbai by Pratik Gadia, The Yarn Bazaar aims to organize the textile industry by offering a centralized platform for yarn buyers and sellers.
Mission and Challenges:
Mission and Challenges:
The company addresses inefficiencies in marketing, advertising, purchasing, and sales in the textile industry, improving supply chain regularity and cost management.
User-Friendly Platform:
User-Friendly Platform:
The Yarn Bazaar's app allows buyers to compare prices, request quotes, and choose purchase details, enhancing the purchasing experience.
Founder’s Vision:
Founder’s Vision:
Pratik Gadia founded The Yarn Bazaar in 2019 to bring transparency and fairness to the yarn buying and selling process, empowering small businesses.
Shark Tank India Appearance:
Shark Tank India Appearance:
On Shark Tank India, The Yarn Bazaar secured a deal for ₹1 crore investment for a 10% equity stake, after negotiating with the show's sharks.
Funding History:
Funding History:
The Yarn Bazaar has raised $1.97 million across three funding rounds, with the latest Seed round in June 2023 securing $1.83 million.
Competitive Landscape:
Competitive Landscape:
Leading among 53 competitors, The Yarn Bazaar has a significant market presence, with competitors like Fabric Monde, The Design Cart, and XSTOK also in the mix.
Swipe up to access the comprehensive article on the topic