Categories: Shark Tank

The Yarn Bazaar has raised INR 1 crore from Shark Tank India

The startup Yarn Bazaar has raised 1 crore for the equity of 10% from Shark Tank India. Sharks Anupam Mittal, Peyush Bansal, Ashneer Grover and Aman Gupta had invested in this startup combinedly.

The owner initially asked for INR 50 lakhs for 2% equity. Anupam, Peyush, Ashneer, and Aman, the four sharks, made a collective offer of 1 crore for a 10% stake in the company. The startup founder countered a 1.25 crore provision in exchange for 10% equity. After lengthy negotiations, the deal had finally done for INR 1 crore for the equity of 10%.

About The Yarn Bazaar

This is a Mumbai based startup founded by Pratik Gadia. The Yarn Bazaar is a full-service B2B marketplace whose mission is to bring order to the unorganized textile industry. The textile business has progressed thanks to modern technology, but the pillars of any sector are marketing, advertising, purchasing, and sales. This portal serves as a one-stop-shop for yarn buyers and sellers. The irregular supply chain is the most significant source of pain in the textile industry, and it has an impact on both the top and bottom lines. As in the textile sector, you must compare pricing from various suppliers after a price has been set. The app interface is fantastic, and the customer sends a message about their demands, and the staff responds with a quote on the app. The buyer can choose what to buy, how much quantity they want, and where they want it delivered—the white-labelled yarns produced by small businesses and collaborated on product development with their specialized teams. They began operations in 2019, soon before the Covid, and have completed approximately 212 crores in transactions with a 100% advance payment. The company earned Rs.15 lakhs on trade of Rs.10 crore last month, about 1.5% of the whole transaction. They’ve made around 1300 sales, and no customers or sellers haven’t kept their promises.

Problem Solved By The Yarn Bazaar

By providing this reliable and convenient platform, buyers and sellers maintain their business smoothly. The calculations, transactions and trading are error-free, which helps users do their business more effectively. With this textile trading app, the textile business’s efficiency will improve by reducing wastage of time and reducing human effort.

View Comments

Recent Posts

Mistakes of Entrepreneurs: Deadly Mistakes of Entrepreneurs

The mistakes of entrepreneurs can be one of the costliest mistakes. Not only it can cost your business, but it…

5 days ago

Top Young Entrepreneurs from India, you must know about

Today, We'll featuring top young entrepreneurs from India, who have actually inspired entrepreneurs across the world. India has one of…

1 week ago

नए उद्यम विकास को प्रभावित करने वाले कारक।

भारत में उद्यमिता विकास  को प्राभावित करने वाले कारण निम्न हैं। जैसे : -  आर्थिक, सामाजिक और सांस्कृतिक , मनोवैज्ञानिक,…

1 month ago

उद्यमियों (एंटरप्रेन्योर) के लिए कौन सी योजना उपलबध है

भारत सरकार ने हमेशा से ही उद्योग के क्षेत्र को बढ़ावा देने की कोशिश की है. देश में उद्यमियों की…

2 months ago

उद्यमियों ( एंटरप्रेन्योर ) के लिए वैश्विक समस्या क्या है

किसी भी देश में आर्थिक विकास की गति को बढ़ावा देने तथा व्यावसायिक समस्याओं का समाधान करने में उद्यमी की…

2 months ago

Cocofit Has Raised INR 5 Crores From Shark Tank India

The shark tank India startup Cocofit has raised an unconventional amount of 5 rupees for the equity of 5% from…

2 months ago

REACH US

WEXT India Ventures

C-22, Sector 65, Noida, Uttar Pradesh – 201301

Corporate Queries:

Email: ping@wext.in
Mobile: +91 956 085 0036

Advertisement Queries:

Email: advertise@wext.in
Mobile: 956 085 0036