XSTOK, B2B-based fully transactional marketplace for textile industry

摘要

XSTOK is a revolutionary mobile first B2B marketplace for buying and selling of ready goods, ex-stock and excess stock, with technology capabilities that increase purchase efficiencies and growth opportunities. The company has started with its focus on the textile industry. XSTOK is designed to cater to all segments of textiles, which includes apparels, made-ups, home textiles, technical textiles, fibers and yarn. Textiles is one of the largest and fast growing industries in India and expected to grow in size from 126 billion in 2015 to 200 billion by 2020. India is the second largest producer of textiles and garments in the world with a five per cent share of global trade. There is significant genera- tion of excess stock estimated at 6.3 billion and defined as surplus production, cancelled orders, ready inventory, out-of-season, and defective or damaged goods, in all phases of textile production from yarn to fabric to garmenting.