The B2B ecommerce market is rapidly broadening in India as an aftermath effect of the pervasive Covid-19. In the past few years, the restricted movements and frequent lockdowns have forced several manufacturers and merchandisers to grasp technology for their business, which has turned out to be beneficial in terms of revenue.
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This blog will discuss the top online B2B ecommerce marketplaces in India.
With respect to the concern of the Indian B2B marketplace, IndiaMART is the leader of the chart to date. The website gained a high reputation for keeping an accurate database in a span of time. Indians always prefer IndiaMART as their first choice to look for the sellers’ details online. They provide a list of contact details through which buyers can directly contact the seller and make the deal.
As far as anyone can think about a B2B marketplace, Alibaba is the first name that always comes to their mind. This Chinese company governs the B2B ecommerce marketplace industry worldwide, allowing buyers and sellers to connect from anywhere. They do not put any bar on quantity, and buyers can choose to buy as little as one product. Indeed being a global giant, Alibaba has a list of competitors in India as well.
TradeIndia is a B2B ecommerce website that was launched to connect buyers and sellers around the world. This enabled the Indian B2B marketplace owners to connect with other businesses globally, and they also facilitated global buyers to locate top Indian B2B suppliers, manufacturers, and exporters.
Emerging B2B Ecommerce In The Indian Marketplace
As we have categorised Indiamart and TradeIndia as B2B ecommerce marketplace, it should be kept in mind that they don’t enable commerce on their website. In general, they are primarily business listing websites that only help you connect with businesses offline.
India is still in its aborning stage concerning the B2B ecommerce platform. Several startups have enabled B2B commerce on their website, missing in business listing websites like Indiamart.
So, let’s look at these emerging B2B ecommerce marketplace startups in India.
Udaan is a B2B ecommerce platform specially designed for small & medium businesses in India. It helps retailers connect and communicate with wholesalers and traders. Currently, this startup serves more than 3 million retailers and small and medium-sized enterprises. It has signed up collaborations with thousands of brands such as Coca-Cola, PepsiCo, Boat Lifestyle, Micromax, HP, LG, ITC, HUL, etc.
It is an industrial B2B ecommerce website that serves more than 500,000 small and medium-sized businesses and enterprises. Moglix also has a supply chain network of almost 16,000 suppliers with over 35 warehouses and logistics infrastructure. They are close to welcoming 500,000+ SKUs on their platform, claiming that this startup is the largest ecommerce platform for industrial goods in India.
The name itself says that Power2SME was established to help SMEs grow better by making the availability of raw materials more accessible and more affordable to the businesses. They also provide loan facilities for SMEs. This platform is popular as it fulfils all SMEs’ requirements and high-quality suppliers, including LG, Essar, Indian Oil, etc.
Amazon is the name of the trust. This B2B ecommerce marketplace guru took the entry into the B2B segment after receiving FDI approval in 2015. It was started in Bangalore and Mangalore in India. However, Amazon Business has plans to expand in the Indian B2B marketplace moderately. It is a members-only website, and the one who owns a license can join the business.
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Conclusion
You can find several other ecommerce B2B companies in India that are doing well in their way. Also, do not forget that this industry is booming, so you will see more names enter the market. B2B marketplaces have been established in India as the most effective and result-oriented trading platforms for buyers, merchants, and wholesalers.B2B marketplaces provide them with so many features, deals, and services that can assist them in growing rapidly.
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