Excess2Sell Makes Commendable Growth Despite Slowdown in Indian Market

 
 
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Tag:
B2b Platform

Industry:
Business

Location:
Navi Mumbai - Maharashtra - India

Subject:
Earnings

NAVI MUMBAI, India - Dec. 17, 2019 - PRLog -- Mumbai: Excess2Sell – India's largest B2B platform for excess inventory liquidation has beaten the ongoing trend of slowdown in the market. While there have been constant reports of the Indian economy facing an economic slowdown recently due to a fall in the GDP growth over the last two quarters, excess2sell has managed to consistently keep a stable growth of over 100 percent during the same period.

"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.

About Excess2Sell: - Launched in March 2016, excess2Sell.com is India's biggest online marketplace for ageing assets, reaching to 200,000 B2B businesses. It has a registered seller-buyer base of above 31,000 players and roughly transacts 10,000 deals across 11 verticals and in more than 500 categories of products. Conceived and created by Checkers India Technology, Excess2Sell is led by a team of experienced industry professionals in Business Management, Product Management & Alliances, Techno-Sales, Marketing, and Distribution & Retail. With a clear focus on Excess Inventory Marketplace, Checkers India Technology is poised to become an enabler in India's growth story.

For more information visit: https://www.excess2sell.com/

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Excess2Sell
***@excess2sell.com
02240022183
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Tags:B2b Platform
Industry:Business
Location:Navi Mumbai - Maharashtra - India
Subject:Earnings
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