Shark Tank India S1-featured The Yarn Bazaar raises Rs 15Cr in a pre-Series A round

Shark Tank India S1-featured The Yarn Bazaar, a managed marketplace for businesses, has raised Rs 15 crore in a news funding round. Rajiv Dadlani Group and Equanimity Ventures led the pre-Series A round, which would be utilized towards to expand business operations.

The startup said it would also focus on strengthening its senior leadership team and leverage its existing pipeline of customers.

Several notable individuals and organizations also participated in the funding round, including Family Offices of Arihant Patni, Ekta Kapoor of Balaji Films, Ritesh Malik of Innov8, Aakrit Vaish of Haptik, Sumeet Srivastava of Spocto, Cred's Miten Sampat, Anil Mansingka, Dr. Amit Lath, Sharda Group of Companies, Nikunj Bagdia of Ken Enterprises, and Vineet Garg of Shri Ram Sarup Garg Cotton Mills.

Founded in 2019 by Pratik Gadia, The Yarn Bazaar offers a platform for users to access real-time yarn prices, valuable information, and market trends.

The startup provides yarn sellers with opportunities to expand their market reach, increase sales, and improve profit margins through flexible financing options. At the same time, buyers can reduce raw material and procurement costs effectively.

Since its establishment, The Bengaluru-based startup said it has facilitated over Rs 370 crore worth of transactions, with an average order value of Rs 19 lakhs.

"We are committed to endeavouring continuously to improve our platform and offerings, thereby creating a favourable ecosystem for yarn buyers and sellers," said Pratik Gadia.

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