Indian B2B trade is among the largest and fastest-growing B2B markets globally. According to a report from an investment banking firm, India’s booming B2B marketplace industry will reach a significant milestone.
The gross merchandise volume generated on Indian B2B marketplaces and e-commerce platforms is predicted to reach $125 billion by 2027, up from $20 billion in 2022, according to a new B2B Marketplaces report.
According to the survey, India’s B2B marketplace also receives a lot of investment cash. There are over 100 marketplace firms with a market valuation of $1 billion or more. There is a huge opportunity to create multibillion-dollar outcomes across categories because India, unlike the US and China, lacks large, sophisticated traditional incumbents or horizontal ecosystems.
Reliance Industries Ltd, an Indian multinational corporation based in Mumbai, is among the most prominent firms raising the most cash. Its industries also include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. The corporation now has a market valuation of $193 billion.
The use of eBusiness has fundamentally transformed the scenario of earning and selling approaches. The first effort on the internet was restricted to services, but eCommerce rushed in, and vendors can’t stop talking about going online with products. Moreover, Consumers, not only sellers and B2B aficionados, prefer eCommerce buying, making this movement a requirement rather than a choice.
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