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Tolexo Bets Big On Mobile: Announces Investment Of $2 Mn In Mobile Technology, Launches App For SMEs

Tolexo Bets Big On Mobile: Announces Investment Of $2 Mn In Mobile Technology, Launches App For SMEs

Noida-based Tolexo an online marketplace for business goods & supplies, has launched a B2B ecommerce app for 47 Mn SMEs. With this, the company has also announced that it is investing over $2 Mn for building the mobile product, framework & technology, to accelerate the development.

To lead this project, the company has hired Gaurav Jain, ex-engineering manager from Snapdeal to build mobile-focus eco-system.

Founded in 2014, Tolexo is an online marketplace for business goods & supplies. It offers consumer shopping experience for the largest collection of products needed by businesses, factories, offices and laboratories.

The platform makes it easier from small to large businesses to buy & sell goods online by providing technology & services that enable selection, payments, customer support & fulfillment – all as an integrated experience.

According to the company, its mobile site used by more than 400,000 businesses every month. Currently, 90% of the traction on its platform comes from small and medium businesses with tractions mainly from Tier 2, 3 & 4 cities.

B2B Ecommerce in India is set to be a $700 Bn opportunity by 2020 as per Walmart report.

Tolexo is a IndiaMART company, it leverages the existing buyer & seller networks and has built the largest collection of 1,000,000+ products in a short span.  It has already served customers from more than 900 cities & towns across India.

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Vishal Singh

Inc42 Staff

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.
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