 "Leading textiles mills join online sale of extra stocks")
First-generation entrepreneurs and industry stalwarts Sanjeev Khandelwal and Mihir Shah introduced xstok.com, a B2B online marketplace for selling surplus textile stock.
Termed it as a badla business with the tagline “kya aap badle?” xstok.com lists extra stocks of various products in the textiles industry from large mills. The platform conducts online auctions of fabrics, readymade garments and made-ups.
Since its launch nearly seven months ago, xstok.com has conducted over 300 auctions of extra stock of fabrics from renowned mills.
According to Khandelwal, the platform was aimed at creating a democratic environment wherein the buyers have a much wider choice of goods without intermediaries from mills like Arvind, Grasim, Donear, Mafatlal, Bombay Dyeing, Trident, Welspun, Gokuldas Exports, Indo Count etc, at transparent prices.
At the same time, a seller gets a systematic and quick way to sell inventory at market-determined prices. Since the transaction takes place online, there is total transparency to the whole deal and costs of middlemen are saved.
Termed it as a badla business with the tagline “kya aap badle?” xstok.com lists extra stocks of various products in the textiles industry from large mills. The platform conducts online auctions of fabrics, readymade garments and made-ups.
Since its launch nearly seven months ago, xstok.com has conducted over 300 auctions of extra stock of fabrics from renowned mills.
According to Khandelwal, the platform was aimed at creating a democratic environment wherein the buyers have a much wider choice of goods without intermediaries from mills like Arvind, Grasim, Donear, Mafatlal, Bombay Dyeing, Trident, Welspun, Gokuldas Exports, Indo Count etc, at transparent prices.
At the same time, a seller gets a systematic and quick way to sell inventory at market-determined prices. Since the transaction takes place online, there is total transparency to the whole deal and costs of middlemen are saved.
