The Yarn Bazaar raises Rs 15 crore for fuel expansion, strengthening leadership team

The Yarn Bazaar, a B2B-managed marketplace, has successfully raised Rs 15 crore in a pre-Series A funding round. The investment was led by the Rajiv Dadlani Group and Equanimity Ventures, with participation from Arihant Patni's family offices, Ekta Kapoor from Balaji Telefilms, Ritesh Malik of Innov8, Aakrit Vaish from Haptik, and Sumeet Srivastava of Spocto. The infusion of funds will primarily be utilised to strengthen the senior leadership team, expand operational capabilities, and leverage the existing robust inbound pipeline.

Pratik Gadia, the Founder and CEO of The Yarn Bazaar, expressed his enthusiasm about the recent funding round and said, “With the closure of this round we have shifted our office and building a much larger team now. The idea is to double down on tech product as well as Ops team so as to kind of increase our outreach.”

Gadia acknowledged the consistently high demand for their services, but due to limited resources and inadequate technology infrastructure, they were unable to fully capitalise on the potential.

With the latest funding, The Yarn Bazaar aims to amplify its operational capabilities and expand the team, especially in terms of operational and technical talent. This strategic approach will enable them to activate the abundant inbound demand pipeline and propel the company toward greater success.

Venture debt investments in India have reached a billion dollars in 2022. However, this is still behind mature markets like the US where venture debt penetration in overall venture capital flows is at least 5x as compared to India. So, what does the Indian market potential look like, and which sectors are rapidly adopting venture debt? To discuss this, CNBC-TV18’s Aishwarya Anand spoke to Trifecta Capital's Saurabh Singh.