The yarn bazaar bags a deal of 1 crore at Shark Tank India!
2 years ago Nethrikaa GreeshmaThe Yarn Bazaar is a 1-stop yarn solution with a vision to organize the unorganized textile industry. This Mumbai City-based company, Yarn Bazaar was founded by Mr. Pratik Gadia and has over 51% stake in the company. It is an end-to-end B2B yarn marketplace. It aims at setting up its own inventory with small manufacturers and sells yarn on its own. This unique startup solves the problem of buying, selling, and marketing.
In addition to yarn buying & selling, The Yarn Bazaar has also been proudly associated with many national and international events as a Media and Marketing partner and has been at the forefront of adding value to the industry by conducting interviews & podcasts with several industry leaders. Started operations in 2019, the company has done a business worth 230+ Cr on 100% advance payment. The total net valuation of their business is rupees 25 crores respectively.
The owner of the yarn bazaar has pitched his idea for ₹50 Lakhs at 2% Equity but loving the idea of the business, it has bagged Rs 1 crore funding by the sharks Peyush Bansal, (Founder and CEO of Lenskart) Ashneer Grover (MD and Co-founder of BharatPe), Anupam Mittal (Founder & CEO, People Group) and Aman Gupta (Co-founder and CMO of BOAT Lifestyle). Let’s wish the team yarn bazaar the best of luck to fulfill their vision!
