XSTOK
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | <1m | <1m | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $450k | Seed | |
Total Funding | $450k |
Recent News about XSTOK
EditXSTOK operates an online marketplace specializing in the trading of overstock textile goods, including apparels, fabrics, home textiles, and yarns. The platform serves both buyers and sellers within the textile industry, providing a seamless and efficient way to buy and sell surplus stock. XSTOK's business model revolves around facilitating transactions between suppliers who need to offload excess inventory and buyers looking for high-quality, in-demand products at market-driven prices. The company has gained significant traction in the market by partnering with major brands and leveraging the fast fashion trend, which emphasizes quick turnaround times from design to production. XSTOK generates revenue through transaction fees and possibly subscription models for premium services. The marketplace aims to create a decisive change in the textile industry by making the buying and selling process more efficient and transparent.
Keywords: online marketplace, overstock textiles, apparels, fabrics, home textiles, yarns, fast fashion, surplus stock, market-driven prices, textile industry.