What are B2B Marketplaces ?
India is the fastest-growing market of eCommerce. According to a report, By 2025, the Indian e-commerce market is expected to grow to 111.40 billion USD from 46.2 billion USD in 2020. B2C e-commerce boomed in 2020 and 2021 B2B eCommerce is also expected to match the growth. B2B Marketplaces or B2B portals provide accessibility to brands or small-sized companies, suppliers, manufacturers, and wholesalers to connect and execute business transactions and deals online. These portals are bringing a simplified online platform for traditional brick-and-mortar business owners to establish their digital presence. B2B platforms are also helping entrepreneurs, small businesses, and startup owners in enhancing their reach in competitive global markets
Top 5 B2B Marketplaces of India in 2022
Explore the list of five reliable B2B Marketplaces of 2022 :
MSME Global Mart
MSME Global Mart is a Business to Business (B2B) portal and B2B Mobile app of National Small Industries Corporation (NSIC), A Government of India Enterprise facilitating online marketing support to Micro, Small & Medium Enterprises (MSMEs) by way of increased visibility, connecting buyers & suppliers, Trade leads & Keyword based unlimited Tender Alerts to grow their business.
Explore some of their following key features of MSME Global Mart:
- Create your company webpage in minutes through advanced templates without any technical knowledge & become discoverable to millions of buyers globally.
- Showcase unlimited products & Services virtually 24×7 and get access to the global market.
- Get keyword-based unlimited tender alerts in your inbox based on your business profile.
- Get detailed information on Tenders Awarded in past including information on L-1.
- Latest International Procurement Notices from United Nations Development Programme (UNDP), World Bank, International Labour Organization (ILO) etc.
- Get connected to prospective buyers & find relevant trade leads.
- Offer/avail sub-contracting, franchise & distributorship business opportunities to start / grow your business.
- Special Discounts for MSMEmart members on various business solutions through empanelled service providers.
Udaan was founded in 2016; it is solving core trade problems faced by small and medium businesses that are unique to India through its low-cost business model by leveraging technology and bringing the benefits of eCommerce at one place.
IndiaMart is among the largest b2b platforms for importers and exporters. This B2B website is targeting individual sellers, SMEs, and High-end enterprises.
Flipkart is growing towards a B2B online wholesale platform that attracts a lot of customers due to its amazing deals and discounts on the wide-ranging products on their websites. It is the largest online retail market that offers innovative ideas and business operations.
Amazon established Amazon Business in 2015; This marketplace is targeting to enterprises in education, healthcare, hospitality, and various other industries to fulfil their wholesale buying requirements. It offers purchasing solutions for any size of a registered business.
Here are the Benefits of B2B Marketplaces
Benefits to Suppliers and Service Providers
Suppliers can create the digital presence of their businesses in minutes through accessible advanced templates. Showcase their products and services at 1000 subcategories of their niche. Categorize the b2b sourcing needs of various buyers in one place. Response to business-related inquiries. Compare and analyze its industry and product-related changes in the pricing of competitors and can use or rework on pricing strategy accordingly. Occasionally post discounts and offers on products/services based on market trends and other factors. Buy or Sell business leads. Enhance their global reach and markets through business alliance opportunities. Automate various business processes to save time.
Benefits to Buyers
Buyers can get benefits from B2B Marketplaces by getting the opportunities to connect with various suppliers for their multiple sourcing needs. Get Quotes and compare them to match the business requirements with budgets, quality, time, etc. Get Trade and price alerts. Availability of accessing various bulk offers and discounts on products/services.