Believe it or not, the pandemic situation has altered how global markets conduct business and engage with international markets.
Did you know that India's B2B eCommerce is projected to surpass $1 trillion by 2024? And all the credit for the thriving Indian B2B eCommerce marketplace is due to the platforms that have opened up new avenues for growth.
Companies are increasingly using online platforms for trading to expand their reach, offer more options, and boost sales. It's expected that by 2024, around 30% of all B2B transactions will occur through online B2B E-Commerce websites.
The growth rate in connecting with B2B marketplaces is because of the following;
- Gives easy access to the global market
- Business operations are easily managed
- It saves businesses cost
- Transactions through advanced technologies
- Visibility into the entire transaction lifecycle
- Better Variety of products and brands.
So, this has increased the demand for reputable B2B platforms. To help you in finding the ideal platform for your B2B needs, we offer a comprehensive guide to the top 10 B2B eCommerce websites in 2024.
The Rising B2B E-Commerce Websites In India for The Year 2024
Here, we are presenting the top 10 B2B websites that can assist you in expanding your business in 2024. Each platform mentioned here is unique and gained a valuable position in the e-commerce industry.
eWorldTrade is a global B2B marketplace, easing international trade by connecting businesses from all across the world under one hood. Manufacturers looking to expand their market reach, suppliers seeking new buyers, and buyers exploring a variety of products find common ground on eWorldTrade.
Also, there are tools available for them to create detailed profiles, list products or services, and negotiate deals effectively. This ensures that no matter what type of product you are looking for, you will find everything on the platform.
IndiaMART is one of India's leading B2B e-commerce platforms, playing an essential role in connecting buyers and sellers within the country. With an aim to digitalize trading operations, IndiaMART serves as the largest marketplace for a vast array of products and services in India.
Sellers at IndiaMART benefit from increased visibility, while buyers gain access to a vast pool of suppliers and products. This platform is a top choice for those who want to expand their network and simplify trade in India.
- Alibaba India
Alibaba, a global e-commerce giant, gained a significant presence in India through Alibaba India. The platform extends Alibaba's reach to the Indian market, connecting Indian businesses with international buyers and sellers.
Alibaba India caters to a diverse user base, ranging from manufacturers and exporters to importers and distributors. Also, the extensive network and advanced search functionalities at Alibaba India allow businesses to find the right partners and products efficiently.
Indian businesses looking to expand their global presence leverage Alibaba India to tap into international markets.
TradeIndia is a multi-seller B2B marketplace. Since its launch in 1996, TradeIndia become a trustable platform to bridge the gap between international buyers and sellers. It connects companies, facilitating commerce across various fields and industries.
Trade India provides Indian businesses with the opportunity to reach a broader audience. There are millions of registered users on TradeIndia who easily showcase their offerings, connect with potential buyers, and get engaged in secure transactions.
ExportersIndia is one of the oldest Indian B2B online marketplaces. Established in 1997, this platform has been championing digital commerce, supporting traders and manufacturers in the B2B sector to create their online presence.
Through the ExportersIndia marketplace, Indian manufacturers and sellers can showcase and sell their products or services in global markets. And its features such as business catalogs, trade leads, and a messaging system, ease communication and collaboration between businesses.
- Amazon Business
Amazon is the most reliable online marketplace for customers throughout India. After establishing itself as a B2C online marketplace, Amazon expanded into the business-to-business domain in 2015 with its B2B platform named Amazon Business.
Amazon Business provides a familiar interface with added features tailored for corporate purchasing. The platform offers a wide range of products, including office supplies, industrial equipment, and more.
While allowing bulk pricing, business-only selection, and a modernized purchasing experience, Amazon Business is considered an attractive option for all types of businesses.
Udaan, launched in 2016, is an Indian B2B e-commerce platform. It aims to connect manufacturers, wholesalers, traders, and retailers across various industries.
The platform Udaan is used for buying and selling a wide range of categories of goods, such as electronics, fashion, home goods, and more. It especially considers small and medium-sized enterprises, benefiting them to increase their sales in rural and urban markets.
Moglix is a reputable e-commerce platform in India focusing on the procurement of industrial products and supplies. Focused on the B2B segment, Moglix has a comprehensive range of products, including electricals, safety equipment, tools, and more.
The good thing about Moglix is it utilizes technology to enhance the procurement process. These tools provide businesses with a one-stop solution for their industrial needs.
OfBusiness aims to bridge the gap between the demand and supply of manufacturing goods, with a primary focus on enhancing the supply chain and facilitating SMEs in optimizing their sales strategies.
The platform aims to bridge the gap between the demand and supply of manufacturing goods. While OfBusiness has a main focus on enhancing the supply chain and facilitating SMEs to improve their selling processes.
Go4WorldBusiness is a dynamic hub for global trade. It connects manufacturers, suppliers, exporters, importers, wholesalers, and distributors across diverse industries.
Businesses of all sizes benefit from the Go4WorldBusiness accessibility while exploring new markets and opportunities.
Go4WorldBusiness has successfully created a digital ecosystem that exceeds geographical limitations, allowing users to engage in efficient cross-border transactions and expand their global reach.
In the rapidly changing world of B2B eCommerce, choosing the appropriate B2B eCommerce website can significantly impact your business in 2024 and beyond. Each of the platforms mentioned in this guide possesses unique strengths and serves specific industries and requirements.
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