Bulkhouse to bring e-commerce players on single platform

India: Bulkhouse Trading India, an e-commerce platform, is planning to launch a nation wide web portal to bring together manufacturers, wholesalers and traders in direct contact with buyers scattered across the country. The company is running on Business-to-all (B2ALL) business model and will provide end to end value added service to customers across the globe.

To make the customer experience hassle free on their website, company plans to build their own back-end support system. Also, they will be using advanced technology to enable buyers and sellers spread across the country to access a single platform for buying as well as for selling goods and services. For movement of goods and service, the company will use its own logistics and warehouse facility so as to provide faster, easier and cheaper shipping.

According to a recent report published by TechSci Research, “India E-Commerce Market Forecast and Opportunities, 2020”, the country’s e-commerce market is projected to grow at a CAGR of more than 36% during 2015-2020. E-services segment, which comprises online travel, online payments, online classifieds, etc., is expected to continue its domination through 2020. However, the e-tail segment that includes electronics, apparels & accessories, health and personal care, etc., is expected to witness significantly higher market growth compared to e-services segment over the next five years. During 2015-20, the western region is expected to remain the largest e-commerce market in the country. Major players operating in India’s e-tail market include Flipkart, Snapdeal and Amazon.

According to TechSci Research, Bulk house strategy to open one-of-its-kind web portal will help the company to grow in the coming years. The idea of linking the international and domestic buyers with manufacturers, traders and wholesalers across the globe for dealing in goods and service will help both the buyer as well as the goods provider. Furthermore, this would encourage small and medium enterprises to expand their business both in domestic and international market as bulkhouse is providing the option to export good to other countries as well.  For payment security, the company has tied up with key payment gateways companies.