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Make way for the new player bizongo.in, an e-commerce market place for industrial goods with its focus on chemical and plastics industry. This Mumbai-based company plans to make industrial buying and selling hassle free, bring in more transparency and aims to become a one-stop solution for all business interactions and transactions in India.
With the advent of technology in India, there is a strong demand for a marketplace which can provide a complete experience of selecting the right product, seamless communication between buyer/seller and secure transactions. Bizongo plans to bridge this gap.
The Indian B2B segment is a huge $400 B which is further poised to increase to $700 B by 2020. Bizongo plans to start by organising the $170 B huge plastics/chemicals market.
Started by Aniket Deb ( Ex IITB), Ankit Tomar (ex IITD) and Sachin Agrawal (ex IIT Bombay), currently the bizongo.in team consist 18 member with few interns who look after technology, marketing, business developments, etc. The team members bring together a variety of experience from companies like Microsoft, Opera Solutions, Gravitas, ITC, PayPal, Infosys etc.
Aniket Deb, Co-founder, bizongo.in says, “Indian B2C e-commerce industry is quite mature now, but the B2B segment is still in a nascent stage. We see many loop holes in the B2B segment, for example the how they trade, how they search for machines/equipment, etc. We want to provide the B2B segment with a tech efficient system and bring in more transparency and make business easy. We want to provide a single platform where they can get all the information about product, company and compare price from many vendors.”
Currently the website lists 2000+ products from 150+ companies and boasts of 500+ hits on a daily basis. Since a major part of India’s chemical and plastics industry is based in Maharashtra and Gujarat, the team decided to start with this segment.
Young Bizongo team who wants to disrupt the b2b buying and selling.
“Currently we have products listed from the eco-system of chemical and plastics industry such as construction chemicals, paints, material handling, disposable plastics, and plastics raw materials etc, but once we capture this market and get our hold in this industry we would expand to other industrial segment,” says Aniket.
Launched on April 20, 2015 the website has received a very good response from the industry across India. Talking about the beginning, Aniket says, “We always wanted to start our own company and looking at the fragmented and conventional B2B segment we realised this industry needs technology overhaul. The B2B e-commerce industry is very matured in the developed countries, we wanted to bring the same trend to India.”
Apart from bizongo.in, there are few other B2B e-commerce websites such as tolexo.com, an IndiaMart backed B2B platform;industrybuying.com, technocart.com, etc.
He adds, “We provide live chat platform and quotation generator which no one else is providing in this space as of now.”
Live chat option and quotation generator option is a must as B2B equipment buying has lots of negotiations. Also, there are rules in many companies that they need to have at least 3 quotations from different companies, bizongo.in’s quotation generator feature helps buyers get right quotation and compare price and services.
As the name suggests business-on-the-go, Bizongo team is already working on android app and will be launching the same soon. The company is also in talk with many VCs to raise fund to invest in technology and skills.
