The Yarn Bazaar Shark Tank India Season 1
The Yarn Bazaar
The industry’s antiquated approaches to marketing, sales, distribution, and procurement frequently lead to a lack of justice and openness. In summary, both sellers and purchasers suffer enormous losses as a result of the broken supply chain. But not any longer.
It’s time for a shift. In 2019, a group of people that shared my values and I established The Yarn Bazaar. Our goals and objectives are very clear. Organizing the textile sector and enabling small yarn producers and purchasers is our goal!
Founder of The Yarn Bazaar
Mr. Pratik Gadia started Yarn Bazaar; a company situated in Mumbai City. In addition to buying and selling yarn, The Yarn Bazaar is a proud media and marketing partner of numerous national and international events. It has also been a pioneer in bringing value to the industry by interviewing and podcasting a number of prominent figures in the field.
The Yarn Bazaar Funding Round
Company Name | The Yarn Bazaar |
Shark Tank India Season | 1 |
Episode No | 13 |
Season No | 1 |
Brand | The Yarn Bazaar |
Idea | Yarn-Trading App |
Original Ask | 50 lakhs for 2% equity |
Deal | 1 crore at 10% equity |
Invested By: | Ashneer Grover, Anupam Mittal, Aman Gupta and Peyush Bansal |
At the core of The Yarn Bazaar's pitch lay a dedication to providing yarn enthusiasts with a convenient and user-friendly platform for trading yarn. Their app would serve as a digital marketplace where buyers and sellers could connect, browse a wide range of yarn options, and complete transactions with ease. By leveraging technology to streamline the trading process, The Yarn Bazaar sought to empower yarn enthusiasts to explore new opportunities and expand their businesses in the digital age.
The Pitch:
The Yarn Bazaar entered the tank with a vision to transform the yarn trading industry through technology. Their pitch highlighted the challenges faced by traditional yarn traders and emphasized the need for a digital platform that could streamline the buying and selling process. With a commitment to innovation and efficiency, The Yarn Bazaar aimed to impress the Sharks and secure the investment needed to develop and launch their yarn-trading app. Their initial ask of 50 lakhs for a 2% equity stake showcased their confidence in the potential of their idea to revolutionize the market.
The Deal:
Impressed by The Yarn Bazaar's innovative concept and the potential of their app to disrupt the yarn trading industry, Ashneer Grover, Anupam Mittal, Aman Gupta, and Peyush Bansal saw an opportunity to invest in a groundbreaking venture. They collectively offered 1 crore in exchange for a 10% equity stake, effectively valuing the company at 10 crores. This strategic investment not only provided The Yarn Bazaar with the capital needed to develop and launch their app but also brought on board a team of experienced investors whose guidance and support would prove invaluable as they navigated the complexities of the market.
Investors Behind The Yarn Bazaar
Ashneer Grover, Anupam Mittal, Aman Gupta and Peyush Bansal: The Yarn Bazaar enthusiastically accepted the offer from Ashneer Grover, Anupam Mittal, Aman Gupta, and Peyush Bansal, marking a significant milestone in their journey to revolutionize yarn trading. With the backing of strategic investors who shared their vision for innovation and efficiency, The Yarn Bazaar was well-positioned to develop and launch their app, empowering yarn enthusiasts to thrive in the digital marketplace.
Conclusion:
The success of The Yarn Bazaar on Shark Tank India Season 1 underscores the power of technology to transform traditional industries. By creating a digital marketplace for yarn trading, The Yarn Bazaar is poised to revolutionize the way yarn enthusiasts conduct business. With the support and guidance of their investors, The Yarn Bazaar is well-equipped to develop and launch their app, empowering yarn traders to connect, collaborate, and succeed in the digital age.