Mumbai, March 2019: The Indian excess inventory market estimated at the US $30 Billion across verticals is all set to emerge as the fastest growing industry in Calendar Year (C.Y.) 2019. Monopolized by the unorganized segment until a few years back, the emergence of online B2B inventory liquidation players and the introduction of GST have given a new fillip to the industry over the last couple of years. The organized segment has witnessed a growth of over 40 percent in 2018, with Excess2Sell.com – India’s largest pure B2B online marketplace for aging assets posting a growth that was 30 times the previous F.Y’s. Excess2sell is a one-stop platform for vendors, manufacturers, dealers, wholesalers, and distributors to offer their unsold – overstock, excess, aging inventory to buyers across several verticals. The biggest advantage is sellers and buyers transact – Confidentially, Anonymously and Neutrally on excess2sell.com.
In the last F.Y., the company generated 32 percent of its business from Gujarat with the State having the second largest registered partner base with excess2sell. Within Gujarat, Ahmedabad and Vadodara account for the highest number of transactions, especially in the PC and IT peripherals segment. Other than in Gujarat, excess2sell.com has a significant buyer-seller base in Maharashtra and New Delhi, which put together account for nearly 44 percent of its sales with the rest of the country contributing for the remaining. Excess2sell has over 21,000 registered partners and offers solutions to the 50 million strong B2B businesses in liquidating its overstock. Its online platform and mobile app have a combined reach of over 200,000 B2B businesses.
“Overstock is a perennial problem affecting all industries across sectors. A platform like Excess2sell.com is the need of the hour especially for sellers who need to make decisions on unburdening their aging inventory, to free up the locked up capital,” says Mr. Rajan Sharma, Founder & Chief Executive Officer, Excess2Sell.com.
excess2sell – the Excess Inventory Liquidation platform is estimating its revenues for the year 2018-19 at about Rs.75 crores, compared to the revenue of Rs.12.9 crores for the year 2017-18, posting a whopping 5x growth. Excess2sell has achieved the milestone of being one of India’s premier and largest B2B liquidation platforms since its launch in the year 2016.
“The essence of any business is selling fast and moving on to the next stock, and inventory management is the key to maximizing profits. If you don’t act fast someone else might. Overstock, aging, excess and old inventory is inevitable in any business, but by the medium that will help clear out shelf space faster and earn revenue in the process will be the key to remain competitive. A technology-enabled platform like Excess2Sell.com helps sellers who cannot openly announce that they are stuck with excess and aging inventory can now transact – confidentially, anonymously and neutrally,” concludes Mr. Sharma.