Business Wire India
XSTOK.com, a B2B mobile-first platform for online buying & selling of surplus goods was founded by Sanjiv Khandelwal and co-founder Mihir Shah in 2015. Currently focused on the textile industry, the platform lists the surplus or the excess stock of some of the best mills across India and has conducted more than 300 auctions in less than 7 months.
The platform is aimed at creating a democratic environment wherein the buyers have a much wider choice of goods, without the intermediaries direct from the mills naming a few Arvind, Grasim, Donear, Mafatlal, Bombay dyeing, Trident, Welspun, Gokuldas export, Indo Count etc at transparent prices. At the same time, a seller gets a systematic and quick way to sell its inventory, at market determined prices. As the transactions take place online, there is total transparency to the whole deal and costs of middlemen are saved.
‘XSTOK B2B Badla Business Mumbai Edition roadshow’ will be held on 16th February 2016 at 2:00 pm onwards, in Mahajan Hall, M.J.Cloth Market, 250, Sheikh Memon Street, Zaveri Bazar, Mumbai. Mr. Surendra T. Savai, President of Mumbai Textile Merchant’s Mahajan will inaugurate the roadshow. Entry is free for all textile traders, agents, brokers, distributors and manufacturers.
XSTOK.com will also have live terminals at the venue wherein the people can get the feel of mock auctions and clear their doubts about the transaction.
In order to make the whole experience more inclusive and also to bring in the elements of brick-n-mortar business sensibilities, XSTOK.com is starting a series of ‘XSTOK B2B Badla Business roadshow ’, an interactive and educational buyer/seller engagement program. At the event, XTSOK.com will display the physical samples of the goods to be auctioned. The buyers and the traders will get a chance to touch and feel the samples of the products that are part of the auction at XSTOK.com
"Sanjiv Khandelwal, Founder of XSTOK.com stated that textile is one of the largest and fast growing industries in India, expected to grow from $126B in 2015 to $200B by 2020. India is the second largest producer of textiles and garments in the world with 5% share of global textile and apparel trade. There is a significant generation of excess stock (estimated to be $6.3B) - defined as surplus production, cancelled orders, ready inventory, out-of-season, defective or damaged goods, in all phases of textile production from yarn - fabric - garmenting. Being a country with a rich textile history and a country of bargain hunters, surplus are consumed everywhere including Tier 1 – Tier 3 cities.
In simple words, XSTOK.com visualizes that in a click, sellers have access to a large universe of buyers and buyers have access to what they need and when they need it.
More Choices, Better Prices – for our buyers more choice of suppliers supplying directly to them at better prices and for suppliers more choices of buyers leading to better prices.
Brand Protection – Total control over the buyer universe and type of auctions