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Follow on Google News | Bluwholesale.com - positioned to be the #1 Consumer Wholesale Destination in IndiaFirst time in India, Online Retail Buyers will get everything at wholesale price, courtesy BluWholesale
By: Blue Sales and Marketing Pvt Ltd "We realized that a number of online consumers were interested to purchase in bulk, and are searching for combos on various retail platform. We earmarked this as an opportunity, and decided to be a pure consumer wholesale platform, across different categories, so as to extend to our consumers the benefit of wholesale price when they buy on bluwholesale.com." In recent times, the investor focus has been the online retail business, which is forecast by retail advisory Technopak to grow to Rs 3.5 lakh crore in 2023 from Rs 12,400 crore at present. In recent months, investors have demonstrated their interest in the space by pouring in over $1 billion into companies such as Flipkart and Snapdeal. Industry Experts agree that the focus on consumer wholesale and bulk combos is the next step in the evolution of the online business, and Bluwholesale.com has taken the lead by entering into this space. "The consumer wholesale market has the potential to become larger than retail, once we manage to add more categories onto the platform and extend the wholesale price advantage to the retail consumer. BluWholesale.com will create a niche with the consumer and create leadership," Bluwholesale.com is aiming for 1,000 transactions a day by December 2015 and 10,000 transactions by June 2016. While there are no reliable numbers for the potential market size of consumer wholesale as a business vertical in India, there are examples of such sites growing into large standalone companies globally. End
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