Most B2B Portals in India also allow sellers to use a single platform to market, sell, invoice, and fulfil orders.
TYPES OF B2B PORTALS IN INDIA
There are numerous types of e-marketplaces, each with its own set of business models. They can be classified into a few different groups based on how they are used.
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Supplier-oriented B2B marketplace in India
Often known as e-distribution, a huge number of buyers and a small number of providers characterise this system. It can be managed by a single company or a group, and it is owned by the supplier. It contributes to the growth of goodwill and loyal customers. It’s an excellent strategy for finding wholesale items to sell, but not so much for figuring out where to find wholesalers.
- Buyer-oriented B2B marketplace in India
This approach, also known as e-procurement, has a small number of buyers and a large number of sellers. The customer controls the site in this arrangement, while the sellers advertise competing products at varying prices. Only large-scale buyers are targeted by these bidding sites.
- Intermediary-oriented B2B marketplace in India
An e-exchange is a rapidly expanding marketplace with a large number of buyers and sellers. Small and medium-sized organisations will find it to be the appropriate option. Global Trade Plaza, a B2B marketplace in India that links thousands of wholesale suppliers and consumers, is an excellent example of this type of marketplace.
- Vertical and Horizontal B2B marketplace in India
Using a vertical e-marketplace for your industry sector to buy or sell can help you improve operational efficiency and reduce supply chain costs, inventories, and procurement cycle time.
A horizontal e-marketplace brings consumers and sellers from many industries and areas together. You can buy indirect things like office equipment or stationery from a horizontal e-marketplace.
TOP 5 B2B MARKETPLACES IN INDIA
The advantages of wholesale market platforms are numerous: Buyers can access a huge number of wholesalers and their products through them. Furthermore, wholesalers have access to a large number of trustworthy buyers.
Here is a list of the best online wholesale markets for sourcing products for your B2B business, without further ado.
- ALIBABA
Alibaba is the largest online B2B (business-to-business) marketplace in the world. Manufacturers, wholesalers, and distributors can be found in over 190 countries and territories. However, China is home to the majority of the platform’s vendors. Alibaba’s biggest advantage is its sheer size: you can find almost everything on Alibaba. Thankfully, Alibaba provides a feature that makes the process of verifying vendors before placing an order much easier. Trade Assurance is a service that ensures the high quality and timely delivery of your products. Look for the gold dollar sign on supplier profiles to locate Trade Assurance merchants.
- INDIAMART
IndiaMART, the country’s most popular business-to-business platform, was created in 1996. Through its platform and tools, Indiamart links buyers with over 50 lakh suppliers across the country. Small and medium-sized businesses, large corporations, and individuals can all benefit from it. It has around 66 million items. IndiaMart is a marketplace for Indian businesses. Through IndiaMart’s service, suppliers can get certifications to verify their credibility.
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TRADEINDIA
TradeIndia is India’s second-largest import-export b2b marketplace. It currently includes around 5 million registered users, as well as almost 4 million businesses and consumers, and it is still growing. It is another B2B multi-seller platform in India that caters to Indian and international businesses. Tradeindia.com aids them in promoting their business abroad through internet services, directory services, and trade promotional events.
- AMAZON BUSINESS
TradeIndia is India’s second-largest import-export b2b marketplace. It currently includes around 5 million registered users, as well as almost 4 million businesses and consumers, and it is still growing. It is another B2B multi-seller platform in India that caters to Indian and international businesses. Tradeindia.com aids them in promoting their business abroad through internet services, directory services, and trade promotional events.
- GLOBAL TRADE PLAZA
Global Trade Plaza can accommodate all of your needs in one convenient place. It’s a B2B marketplace in india for buyers and suppliers that lets clients manage their accounts and orders, as well as set budgets and purchase limits. Global Trade Plaza’s most notable feature is that it promotes safe worldwide business collaboration and transactions. In Global Trade Plaza, you’ll find well-known retailers presenting their wares and services. Using this network, you may connect with buyers and distributors all around the world and expand your business overseas. It also enables you to build an online community that assists your clients in making more informed purchasing decisions and learning more about your items.