India’s online marketplace Tolexo signs an MOU with procurement organisation MPLUN
The company aims at capacity building and equipping MSMEs with necessary tools and knowledge to leverage the benefits of B2B e-commerce
Tolexo, India’s online marketplace for business goods and supplies, has signed an MOU with procurement organisation, Madhya Pradesh Laghu Udyog Nigam Pvt Ltd (MPLUN). The MoU was signed in the presence of Chief Minister of Madhya Pradesh Shri Shivraj Singh Chauhan.
It incorporates promotion, marketing and distribution of goods manufactured by MSME units of Madhya Pradesh on Tolexo’s online platform. The joining of hands between MPLUN and Tolexo will help state’s MSMEs to leverage the extensive reach and tech infrastructure of the country’s leading B2B e-commerce platform.
Also Read: The evolution of e-commerce business models in Southeast Asia
The MOU will open up new avenues for existing as well as prospective MSMEs and young entrepreneurs of the state to sell their products and services to a massive buyer base across the country.
The company plans to provide the necessary back-end infrastructure, i.e. account management, customer care centres, order management systems for creating and maintaining a database of buyer and order details to assist MSME sellers in their smooth functioning.
Tolexo also plans to help MPLUN to evaluate the performance of the sellers by periodic information sharing which can be used to further align business practices.
Also Read: Qwikcilver raises a new round of fund led by Sistema Asia Fund
The MOU will be in effect immediately as 580 MSME vendors of Madhya Pradesh already registered on the MP Vendor Development Online Portal will be enrolled on Tolexo.
“This is an extremely significant milestone for Madhya Pradesh’s MSME owners and for the B2B e-commerce eco-system in India at large. MPLUN and Tolexo share the same vision of empowering MSMEs to reach their full potential by leveraging technology and innovation,” said Prashant Chauhan, Co-Founder, Tolexo, in a press statement.
“This is what makes the two entities a perfect synergistic match and we are certain that this MoU will become an effective tool for the MSME enterprises of Madhya Pradesh to maximise their market reach and sales. We have already extended the benefits of our technology innovation and logistical support to over 7,000 sellers in India and are delighted to further bring MPLUN-empanelled businesses within the fold of this inclusive growth,” he added.
Founded in 2014, Tolexo is a fully owned subsidiary of the world’s third largest online marketplace IndiaMART. The online marketplace has 28+ product categories, 10,00,000+ products and 8000+brands.
The post India’s online marketplace Tolexo signs an MOU with procurement organisation MPLUN appeared first on e27.
