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Rapid digitalization drives B2B ecommerce during pandemic
December 27, 2021
Riding the digital wave, B2B commerce organizations have nearly doubled their books since the pandemic.
As traditional supply chains that served Indian businesses dried up during covid imposed restrictions, well capitalized B2B ecommerce players grabbed the market by coming to the aid of raw material starved businesses. Companies like Bizongo, Udaan, Moglix, ofbusiness and Inframarket are witnessing 100-300% growth in order volumes and revenues.
These firms are also revealing considerable investment interest from institutional investors at high valuations. In 2021, B2B e-commerce players raised a record $2 billion across 60 rounds, as per data sourced from Tracxn.
Sujeet Kumar, co-founder of Udaan, a unicorn B2B platform with operations across grocery, fruits and vegetables, electronics and lifestyle merchandize.
According to Bizongo founders Aniket Deb and Sachin Agrawal, traditional supply chains got disrupted which lockdown were imposed in the country. During the pandemic, access to capital and financing became extremely difficult, offering B2B e-commerce firms newer and bigger opportunities.
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