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XSTOK launches to aggregate supplies of excess inventory for India

YarnsandFibers News Bureau 2015-03-03 14:00:00 – Mumbai

XSTOK announces today the official pre-launch of www.xstok.com, a new & revolutionary auctions B2B marketplace website, benefitting the textile surplus sector by bringing in a larger pool of suppliers & buyers, making price discovery a reality and introducing transparency into a cluttered market.

The XSTOK website has been designed to be mobile first in all aspects and is encouraging users to use the platform on mobile. The pre-launch site went live on 18 Feb, 2015 and provides users a chance to register themselves with XSTOK. Users can provide references to increase their chance of getting priority access to the platform.

XSTOK employs an e-auction method for selling their products ensuring transparency in transactions. Although, there will always be a ‘Buy Now’ option, for users to buy it – the auction channel will also be open for the users to partake in the event.

This unique platform has been created by Sanjiv Khandelwal. He plans to expand XSTOK.COM to international markets. “XSTOK, with the first mover advantage, will be the pioneer of this model and will create a trend that the rest will follow.” stated Mr. Khandelwal. “With the new platform, we hope to simplify the stocklot market within the textile industry by creating transparency, having a structured pricing for products and ultimately increasing the pool of suppliers and buyers across the globe.”

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