Industry News

Tolexo named as the fastest growing B2B platform in India

Posted On : 2015-10-22 20:02:03( TIMEZONE : IST )

Tolexo named as the fastest growing B2B platform in India, India's biggest online marketplace for business goods and office supplies has been awarded the title of the fastest growing B2B platform in the country at the 'ECOM: Marketplace Confluence 2015'. The highly stimulating, widely attended and extensively covered event was organised by Legal League Consulting, leaders in law firm management in India. The conference was held on 16th October 2015 at The Oberoi, Gurgaon.

Having firmly established its market position as the ultimate destination for products that are required by businesses, factories, offices and laboratories, Tolexo has shown tremendous growth within less than a year since launch. It recently hit a major milestone of registering over 1, 00,000 businesses as customers on its online platform with more than 40% growth on a month-on-month basis. It is seeing a maximum traction from Tier 2 & Tier 3 cities, which have a substantial share of 65% in its total sales.

Harsh Kundra, Co-Founder & Head of Product & Technology at Tolexo said, "We are certainly thrilled at being officially honoured as the fastest growing B2B platform in India. Our client roster has expanded at an accelerated pace since inception and also includes several prestigious names such as the Tata Group, Radisson Hotels and Ashok Leyland. We are marching firmly ahead towards our goal of hitting the 1-million customer mark by 2020. The steady pace of sustainable growth is what has won Tolexo this significant industry honour."

"The growth of B2B e-commerce has been very impressive and it is great to see so many companies betting high on the growth. The ECOM Marketplace confluence was aimed at bringing together the E-commerce players and the legal fraternity for facilitating a dialogue to identify the key developments, recognize the achievements of the players and address the challenges related to the growth. Tolexo has been a leading player in the B2B segment and the natural choice for the jury in the category.", commented Ms. Bithika Anand, CEO & Founder, Legal League Consulting.

The 'ECOM: Marketplace Confluence 2015' comprehensively encapsulated the headway being made in Indian e-commerce. The conference highlighted the insurgence of the online retail trend and the practicalities involved in handling the e-commerce revolution through the exchange of ideas and views from top echelons of the industry.

Source : Equity Bulls