Tolexo launches Mobile App for 47mn SMEs; investing $2 mn in mobile technology ; Hires Gaurav Jain from Snapdeal to lead the initiative

TechStory

New Delhi, August 19, 2015: Businesses in India spend 52% of their time in identifying the right business partners – both for buying & selling. Tolexo.com, India’s largest online marketplace for business goods & supplies has launched its B2B Ecommerce Mobile App for 47mn SMEs. This is the first step towards building a whole new mobile-focus eco-system which disrupts the way businesses buy & sell currently.

It is also investing $2mn in building the mobile product, framework & technology, to accelerate the development. The company has also hired Gaurav Jain Ex- Engineering Manager for MobileApps from Snapdeal, to lead the mobile technology initiative.

Buoyed by the fact that its mobile site already has 400,000+ businesses using it every month, the company is making the buying experience all the more seamless for B2B buyers and sellers. “We have witnessed consistent growth in the number of users interacting on our mobile site, proving the transition of the traditional businesses to the online way of buying. The further investment in the mobile tech will ensure that we stay ahead of the curve and provide the best user experience to businesses.” said Harsh Kundra, Co-founder, Tolexo.

At present, more than 90% of Tolexo’s customer base includes small and medium businesses, with the maximum traction coming from Tier 2, 3 & 4 cities. With an increase in the appetite of businesses for convenience & transparency in business buying, coupled with high growth rate of smartphone penetration in India, B2B E-commerce in India is all set to be a $700bn opportunity by 2020 (as per Walmart report). Therefore, leveraging the mobile opportunity is a key focus for Tolexo.

Tolexo.com is the ultimate destination for Business Goods & Supplies, which transforms the way businesses buy these products. It offers consumer shopping experience for the largest collection of products needed by businesses, factories, offices and laboratories.

The platform makes it easier for millions of businesses, from small to large, to buy & sell goods online, by providing technology & services that enable selection, payments, customer support & fulfillment – all as an integrated experience. We are building the futuristic infrastructure required for frictionless commerce by integrating the best of what online & offline setups have to offer.

By virtue of being an IndiaMART company, it leverages the existing buyer & seller networks and has built the largest collection of 1,000,000+ products in a short span. It has already served customers from more than 900 cities & towns across India.