88Spares an Indonesian e-marketplace for buyers and sellers that target the niche of the textile and garments manufacturing businesses to launch a business to business (B@B) multi vendor market place to assist the Indonesian textile and garment sector, said chief executive officer and co-founder Hartmut Molzahn of 88Spares.
To Molzahn, Indonesia is strategically placed and the country accounts for nearly 2% of global textiles and related products. The textile companies in Indonesia are very old school and they do not talk about online shops. Digital technology can help them to increase their value chain, enabling everyone to save and make more money.
Malzahn said that the vendors can cut their costs and efforts on sales and marketing easily by selling textile machine spare parts for weaving and spinning machines as well as various textile machinery spare parts through their web-based platform.
After it was soft launched at the international garment exhibition, Indo Intertex 2017 in April, Molzahn said that Spares88.com will be officially launched in Q1 2018. Now they are still boot strapping the market. They are focusing on attracting more vendors in the textile and garment industry in Indonesia.
Molzahn also said that his company will serve a niche market and enhance the chances small and medium enterprises (SME) and family businesses of entering the sector.
The startup will generate revenue from every successful transaction and will take a percentage depending on the value of a transaction.
88Spares.com chief marketing officer and co-founder Rosari Soendjoto said that they aim to make positive contributions to the local textile and garments industry. She also hopes to become a catalyst of change in the domestic economy.
Even they are still doing business by bootstrapping, to develop their business, they are also planning on fundraising.
88Spares.com also has a presence in China by enabling China-based manufactures to become vendors on the platform.
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