{"id":2889,"date":"2019-04-17T16:08:01","date_gmt":"2019-04-17T16:08:01","guid":{"rendered":"https:\/\/blog.kredx.com\/?p=2889"},"modified":"2023-12-27T11:44:22","modified_gmt":"2023-12-27T11:44:22","slug":"a-quick-glimpse-of-indias-largest-business-e-commerce-platforms-journe","status":"publish","type":"post","link":"https:\/\/www.kredx.com\/blog\/a-quick-glimpse-of-indias-largest-business-e-commerce-platforms-journe\/","title":{"rendered":"The Growth Story Of India&#8217;s Largest Business E-commerce Platform With KredX"},"content":{"rendered":"<p style=\"text-align: justify;\">Being India&#8217;s largest business e-commerce platform, this company features an exclusive range of industrial goods.\u00a0They aim to inculcate and introduce the concept of industrial supply chains in India by bridging the gap between consumers and B2B merchants through an exclusive online-trade ecosystem catering to the diverse needs of buyers and sellers. Currently, the platform caters to over 1.5 million products across over 45 categories and plans to grow and expand the portfolio further.<\/p>\n<h3 style=\"text-align: justify;\"><b>Snapshot Of The Company:<\/b><\/h3>\n<p style=\"text-align: justify;\"><b>Product: <\/b><span style=\"font-weight: 400;\">E-commerce platform for industrial products<\/span><\/p>\n<p style=\"text-align: justify;\"><b>On The KredX Platform Since:<\/b><span style=\"font-weight: 400;\"> 17 January 2018<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Invoice Amount Discounted Till Date:<\/b><span style=\"font-weight: 400;\"> \u20b959 Cr<\/span><\/p>\n<h2 style=\"text-align: justify;\"><b>A Quick Glimpse Of The Business E-Commerce Platform\u2019s Journey So Far With KredX<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Being an <\/span><span style=\"font-weight: 400;\">unprecedented<\/span><span style=\"font-weight: 400;\"> e-commerce marketplace means having a fleet of clientele on a daily basis. In such cases, the payment cycle can be spread over a few weeks. For any business to expand and grow, it requires them to deal with large vendors whose payment timelines may vary, ultimately impacting their liquidity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The company approached Banks &amp; NBFCs in search of solutions that could help address their needs but there were several challenges with the offerings, primarily the time involved in the process. Some other added drawbacks were:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lower funding limit as per existing norms and procedures<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company was required to furnish collaterals and financial history to avail traditional offerings<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Other forms of short term and long term borrowing were expensive<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Challenges availing funds for liquidity and growth <\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>The KredX Offering:<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">KredX helped the business e-commerce platform by providing a \u201cReceivables Financing\u201d solution to take care of their <a href=\"https:\/\/www.kredx.com\/business\/invoice-discounting-for-retail-and-e-commerce-industry\/\">e-commerce working capital requirements<\/a> in the interim to solve the issue of liquidity. This, in effect, better suited the requirements of this growing business without impacting the balance sheet which acted as a catalyst to the company\u2019s growth and expansion.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Client places an order for industrial equipment on the company&#8217;s online platform<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company sources the equipment and dispatches equipment to the client<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company uploads its discounted invoices (receivables) on the KredX platform for a stipulated time<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">KredX\u2019s investors purchase the invoices &amp; the company receives funds in 24-72 hours<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">At the end of the stipulated time, KredX investors receive the principal amount invested + profit earned when the end client makes the payment.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b>How We Helped:<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Through the KredX platform, the e-commerce marketplace was able to better manage its overhead costs on time due to increased revenue creation. In addition to this, this also led to the fulfillment of the company\u2019s growth and expansion plans. <\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The e-commerce business started from a \u20b93 Cr sanctioned limit with KredX that has now increased to a \u20b910 Cr limit, a clear indication of massive business growth in a short span of time. With prompt payment procedures and better liquidity management, the company was able to set up tangible growth parameters and expand its business.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being India&#8217;s largest business e-commerce platform, this company features an exclusive range of industrial goods.\u00a0They aim to inculcate and introduce the concept of industrial supply chains in India by bridging the gap between consumers and B2B merchants through an exclusive online-trade ecosystem catering to the diverse needs of buyers and sellers. Currently, the platform caters [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,349],"tags":[348,350,351,38],"class_list":["post-2889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-e-commerce","tag-e-commerce","tag-industrybuying","tag-supply-chains","tag-working-capital"],"_links":{"self":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/2889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/comments?post=2889"}],"version-history":[{"count":2,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/2889\/revisions"}],"predecessor-version":[{"id":18477,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/posts\/2889\/revisions\/18477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/media\/5842"}],"wp:attachment":[{"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/media?parent=2889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/categories?post=2889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kredx.com\/blog\/wp-json\/wp\/v2\/tags?post=2889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}