Excess2Sell – Excess Inventory Management Made Simpler

While the selling of retail goods on the internet has been growing rapidly in India, the business to business (B2B) ecommerce market failed to pick up the same speed. This has left many B2B companies to find their own platform to profit from this comparatively less explored market, the value of which is expected to reach Rs. 45 lakh crores by 2020.  

Within the industry, there is a problem of transparency between the buyers and sellers about the products in question. There is also a much needed requirement of solving the problem of unsold inventory, faced by the B2B businesses which supply goods to million of retailers across the Country.  Excess2Sell is one such startup, which is trying to find a solution to this problem, while organising the largely unorganised B2B ecommerce base.

Based in Mumbai, Excess2Sell.com is a B2B inventory marketplace which covers multiple verticals like information technology (IT) hardware & software, telecom, security and home appliances, amongst others.  Founded in 2016, the Company’s main aim is to help retailers and wholesalers from all trades/networks to optimize their costs with excess inventory management through its portal. It also provides its clients access to buyers across India.

Mr. Rajan Sharma, the founder and CEO of Excess2sell.com, said, “The B2B e-commerce marketplace is a bull that is yet to be unleashed. We entered the B2B online excess inventory space in the year 2016 realising its need and potential. Within the first year of operations Excess2sell mobilized over $ 2.3 million worth of excess inventory through the online platform. Since then the transactions have grown roughly 400 per cent annually and the introduction of the mobile app earlier this year is expected to complement the growth. Our aim is to become the single largest solutions based online marketplace that offers a simple and seamless interface to the Indian wholesaler, whose biggest challenge is liquidating the ageing stock.”

Mr. Sharma concluded B2B players are often stuck with unsold inventories, which, over a period of time, lose their value.  The current marketplace for such ageing items do not allow the seller to disclose the condition of such items and the true reason behind the discounted price to the existing buyer base.  Excess2Sell overcomes these limitations and capitalizes on the overstocked ageing inventory segments as most B2B business verticals in India are still unorganised. The Company does this all the while giving its buyers and sellers a sense of anonymity, neutrality and confidentiality and works with a combination of online and offline model with complete end to end solutions.

Excess2Sell.com has grown significantly and is one of the biggest online marketplaces for ageing assets in India.  With a registered seller-buyer base of above 24,000 players, Excess2Sell carries out roughly 10,000 deals across 11 verticals and in more than 340 categories of products.  Excess2Sell which was created by Checkers India Technology, is led by a team of talented individuals who have experience in the field of business management, product management & alliances, techno sales, marketing, distribution and retail.  

With the B2B ecommerce market expected to grow 2.5 times the current speed by 2020, Excess2Sell is ready to take full advantage of this opportunity and become a contributor to India’s growth story.