Announcing the launch of a first-of-its-kind B2B mobile auction platform for buying and selling of ready and excess stock, XSTOK is a mobile auction-based marketplace for businesses to purchase and sell ready and excess goods. XSTOK is based on the vision that current business practices in the excess stock market are inefficient for buyers to gain easy access to high quality, in-demand products and for suppliers to sell excess goods at discounted prices.

Now open to the textile industry, buyers are a click away from access to a variety of curated, popular and hard-to-find stocks of apparels, home textiles, fabrics and yarns at market driven prices.The company has partnered with top textile players in India to make their products available on the platform.

A large number of buyers have already signed up. Once authenticated as businesses these buyers can begin purchases backed by top-of-the-line services, such as quality inspection, banking, insurance and logistics.XSTOK offers a six fold buyer protection program to provide a hassle free and safe environment to transact online.

The beta site is up and running with demos and private auctions for certain suppliers. Early buyers completing registration will receive 3 months of free access to familiarize themselves with the platform.

“XSTOK will revolutionize the way the B2B channel works in the textile category bringing in an unparalleled efficiency, speed, product discovery and price realization. We have brought together a hand-picked team of technology developers and textile industry experts to help fulfil our vision.” says Sanjiv Khandelwal, founder of XSTOK.