Excess2Sell Makes Commendable Growth Despite Slowdown in Indian Market
"We have shown persistent growth in the last three quarters and have been completely insulated from the general downward spiral of the economy. In fact, our business has seen an upswing of 150 percent from January to September in 2019. The figures for the above period shown an upraise every month of 100 percent. Our business has grown consistently over the years starting from a revenue base of Rs 41.58 lakhs in 2016-17 to Rs 12.9 crores in 2017-18 giving an astonishing boost of 300% in one year. The revenue for 2018-19 clocked at Rs 70 crores which is again over 500% jump from the previous year," says Mr. Rajan Sharma, Founder and Chief Executive Officer at excess2sell.com.
India has a strong market base of 50 million B2B business and it is a direct supplier of goods to the 14 million retailers base in the country, however, its reach remains limited. The B2B e-commerce market is yet to realise its full potential and for that, it needs a technology-based solution. Excess2sell has been addressing the pain points of players in the B2B segment and giving them a reason to come on board to grow their business.
"We have liquidated over Rs. 160 crores of excess inventories till date with over 600 transacting partners and have a retention rate that is exceeding 60 percent. We are now aiming to expand our trading member base by 100 times from the current numbers to reach 50,000 trading members which are a tangible target to meet," concludes Mr. Sharma.
For more information visit: https://www.excess2sell.com/