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Industrybuying Launches Seller Hub To Provide Online Bidding Platform To Merchants

Industrybuying Launches Seller Hub To Provide Online Bidding Platform To Merchants

Delhi-based B2B online marketplace for industrial material, Industrybuying has launched a newly developed platform, ‘Seller Hub’ for sellers.

Seller Hub is aimed at simplifying the onboarding process and to offer a compact overview of listings, order activities, payment insights etc. Through the launch of this platform, Industrybuying seeks to introduce an online bidding process in the B2B ecommerce sector. Using the ‘request for quotes’ and the online ‘bidding’ process, Seller Hub will allow sellers to sell their products through online and offline channels.

Commenting on the latest development, Rahul Gupta, co-founder, Industrybuying said, “With over 5,000 sellers now using our platform to grow their business, our endeavour is to employ the use of the latest technology in the best possible manner to help them become even more successful. With ‘Seller Hub’, we are trying to close the gap between demand and supply by giving seller greater visibility into the potential business possible with Industrybuying, sharing open orders and demand collected from all over India with vendors seamlessly and inviting them to take the business away”

According to Gupta, in the last quarter alone, the platform has added about 1,800-2,000 sellers and with the launch of Seller Hub, it seeks to double the seller base.

A merchant can register on the Industrybuying platform, list their product to sell across the country and view open orders in their chosen categories which they can take on submitting a competitive bid. It will not only help new sellers to register and kick start their businesses online, but also help the current base of 5,000+ sellers to further streamline their entire process of doing business online and adding products to their portfolio quickly.

In the coming months, the company plans to add more features such as competitive listing guidance and other promotional tools to the newly launched platform.

Founded by Rahul Gupta and Swati Gupta, Industrybuying sells a wide range of business and industrial products to SMEs as well as large businesses. According to a company statement, it has over 5,000 registered sellers and more than 75,000 registered businesses – SMEs and large corporate, procuring online from Industrybuying.

It claims to offer over 1.5 Mn products across 45+ categories ranging from safety and security, electrical and lighting, power and solar, etc. Based out of Delhi NCR, the company has fulfilment centres in Mumbai, Pune, Ahmedabad, and Bengaluru.

Earlier in January this year, Industrybuying raised $1.7 Mn (INR 12 Cr) from venture-debt provider Trifecta capital. Industrybuying competes with Tolexo, Moglix, BazarA2Z, Alliedhunt, Walmart’s BestPriceWholesale.co.in and Amzon’s B2B portal Amazonbusiness.in.

Author

Aparna Mishra

Inc42 Staff

After a 2-year-stint at Ernst & Young, Aparna moved to Journalism. Her prior experience enables her to understand business management. An avid reader and a traveller she hopes to gain insights on the startup ecosystem at Inc42.

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