YARN TRADING WILL HAVE REVOLUTIONARY CHANGE IN FUTURE YEARS WITH B2B E-COMMERCE

Textile Value Chain|November 2019

YARN TRADING WILL HAVE REVOLUTIONARY CHANGE IN FUTURE YEARS WITH B2B E-COMMERCE
PRATIK GADIA

Founder and CEO The YARN BAZAAR

Enthusiastic New Generation of Gadia Family, Mr. Pratik Gadia, Founder and CEO of startup ‘The YARN BAZAAR’ has come up with a Unique Concept of B2B E-Commerce in YARN Business, which will support across Yarn Value Chain Contributor ie. Manufacturer, Buyer, Agent, Broker, etc. Mr. Pratik loves challenge; by mapping vacuum and need, planned his business journey to create world’s first end to end yarn trading platform.

What inspired you to Start a startup in Textile and what is Purposebehind it? Starting year of business, Mission / Vision

I come from a textiles family and after completing my Masters in Innovation & Entrepreneurship from University of Warwick, I joined my family business of manufacturing & wholesaling of shirting fabrics. I was constantly annoyed by the way we purchased yarns. It was like calling an agent to book your flight tickets back in the days. Time-consuming and redundant. This gave birth to the idea of ‘The Yarn Bazaar’. We spent 2 years on research, working on business model and on the tech and started operations in July this year. Our vision is to create an end to end yarn platform serving all needs and pain points of the industry; making it very seamless and efficient.

Idea Generation inspiration of this unique concept?

I have many friends in the Diamond industry and they always spoke about Rapnet which is used across the industry and globally. That made me realize that if diamond, being a nonstandardized product can be traded online then why not yarn which is fairly a standardized commodity!

What all Challenges / Hardship you faced during the journey?

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November 2019