20 June 2023, Mumbai
The Yarn Bazaar, a B2B managed marketplace founded in 2019, has successfully raised INR 15 crore in a pre-Series A funding round.
Funding Round with Prominent Investors
The funding was led by the Rajiv Dadlani Group and Equanimity Ventures, with participation from notable investors including Arihant Patni, Ekta Kapoor of Balaji Films, Ritesh Malik of Innov8, Aakrit Vaish of Haptik, Sumeet Srivastava of Spocto, and Miten Sampat from Cred.
Textile industry experts such as Anil Mansingka, Dr. Amit Lath, Sharda Group of Companies, Nikunj Bagdia of Ken Enterprises, and Vineet Garg of Shri Ram Sarup Garg Cotton Mills also joined the round.
The Yarn Bazaar intends to utilize the funding to strengthen its senior leadership team, expand operations, and capitalize on its strong inbound pipeline.
B2B Managed MarketplaceB2B Managed Marketplace
The platform, which enables users to access real-time yarn prices, market trends, and valuable information, empowers yarn sellers to widen their market reach, enhance sales, and achieve better profit margins. Likewise, buyers can effectively reduce procurement costs and raw material expenses.
With a transaction value of over INR 370 crore and an average order value of INR 19 lakhs, The Yarn Bazaar aims to further enhance its online presence and improve the user experience.
