Tue, Feb 28, 2017 | updated 11:08 PM IST

Industrybuying launches 'Franchise Partnership Program' to empower retailers, resellers

Updated: Sep 22, 2016 14:55 IST

New Delhi [India], Sep 22 (ANI): India's leading B2B e-commerce company Industrybuying launches its Franchise Partnership Program for industrial-goods retailers with special focus on Tier II and Tier III cities.

Through this program, the company aims to enable and empower the industrial retailers using the shared economy model. The company will partner with resellers who have local presence, resources and the right knowledge to serve SMEs and SMBs better.

The partners under this program will get a fixed and guaranteed commission for each product they sell to their customers by placing the order on Industrybuying.

"We identified the key challenges faced by industrial retailers, specifically in Tier II

and Tier III cities, related to product availability, inventory stocking, logistics challenges, product sourcing challenges and lack of adequate credit facilities. Many retailers are still unable to keep a track of industrial market trends to better plan their inventory and product assortment," said Co-founder and CEO Industrybuying, Swati Gupta.

"With the Franchise Partnership Program, we seek to address these problems and resolve their struggles making sure that they do not lose customers ever again due to non-availability of products," added Swati Gupta.

The company's GMV is 160 cores per annum with an expected growth rate of 20-25 percent month on month. It's expected that the franchise partnerships will contribute 10 percent of the overall GMV within the next six months.

Within a week of its launch, over 150 industrial retailers have signed up for the program. Further, the company is planning to run a pilot program in multiple tier II and tier III cities like Jaipur, Ludhiana Surat and Indore in the coming months.

Any retailer or reseller can become a franchise partner by registering online for free. A registered partner can book orders and sell products on behalf of Industrybuying from anywhere; a partner will be eligible for a profit margin of up to five percent of the total transaction value.

Besides giving the retailers a direct access to the largest business catalogue having over 15 lakh products spanning more than 45 categories and 3500 brands, the program will also provide retailers with hassle-free procurement (packaging, shipping and delivery of the placed orders), industry-driven expertise and guidance at every step, at zero investment. (ANI)

New Delhi [India], Feb. 28 (ANI): Luxury car manufacturer Mercedes-Benz today, redefined the luxury executive sedan segment with the launch of the first ever right hand drive (RHD) long wheelbase (LWB) version of the new E-Class luxury business sedan.

Full Story >>

New Delhi [India], Feb. 28 (ANI): National Pharmaceutical Pricing Authority issued a statement to hospitals on Tuesday that hereafter, Stent companies and hospitals must upload revised price list of cardiac stents on their respective websites in three working days.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Federation of Indian Chambers of Commerce and Industries (FICCI) here today said that the Indian economy has witnessed a gradual rise in consumption activity, thus evading the repercussions of the November 8 demonetisation drive.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Dismissing rumours of a fall in GDP post the 'notebandi', Shaktikanta Das, Secretary, Economic Affairs, claimed Tuesday that all speculations regarding current GDP are based on anecdotes, rather than statistics.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Aiming to comply with the guidelines of the Reserve Bank of India and also for making Metro Smart Card interoperable, it has been decided that Delhi Metro Smart Cards shall be non-refundable from April 1, 2017.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Credit rating agency ICRA, the efficiency of wind-based energy generation is reflected in its low tariff rates, thus increasing cost competitiveness of wind based energy generation against conventional energy sources as well as solar power.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday announced that it has entered into 10 more Advance Pricing Agreements (APAs) over the last one week, including seven Unilateral APAs.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): NIIT University (NU) has been recognized as the "Best Institution for promoting industry-academia interface" at the 10th ASSOCHAM Higher Education Summit 2017. The award ceremony was felicitated by Prakash Javadekar, Union HRD Minister, Government of India. The summit focused on the role and contribution of universities in building entrepreneurial ecosystems.

Full Story >>

New Delhi [India], Feb. 28 (ANI): Online marketplace Snapdeal today announced the launch of GST Guru, a program which will include a range of initiatives to help prepare the sellers on its platform for the impending GST reforms, expected to roll out this July.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Enforcement Directorate on Tuesday attached an amount of Rs. 79,76,00,041 under PMLA in the case of Devas Multimedia Pvt. Ltd., Bangalore for illegally entering into an agreement with ISRO/Antrix Corporation (ACL Commercial Arm of ISRO) by fraudulently representing certain facts and on entering the agreement collected investments from abroad through criminal conspiracy.

Full Story >>

OECD signs MoU with CII for policy research

Updated: Feb 28, 2017 15:55 IST

New Delhi [India], Feb 28 (ANI): The Organisation for Economic Cooperation and Development (OECD) and Confederation of Indian Industry (CII) on Tuesday announced signing of an MoU with a mission to promote policies that will improve the economic and social well-being of people around the world.

Full Story >>

New Delhi [India], Feb 28 (ANI): Taxi aggregator Ola on Tuesday announced its exclusive partnership with Kolkata Metro, India's first Metro Railway and one of the most popular modes of public transport in the city of joy.

Full Story >>

New Delhi [India], Feb 28 (ANI-BusinessWireIndia): Flytxt, a fast growing customer data analytics software company, announced today that it has entered into an agreement to deploy its Customer Value Management (CVM) solutions for Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa. Flytxt, through its CVM solutions, will deliver deeper customer insights to enhance customer experience and revenue for Zain Group operations.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): iSticker, a global platform revolutionizing the AEC industry, has noted a progressive increase in its traction by almost 2000 new users every month.

Full Story >>

PropUrban commences its operations in India

Updated: Feb 28, 2017 14:34 IST

New Delhi [India], Feb 28 (ANI): Online-to-offline (O2O) platform PropUrban has announced the launch of its operations in India. With real-time data as its core strength, the company has a strong research and advisory wing to help clients make informed property decisions.

Full Story >>

New Delhi [India], Feb 28 (ANI): The World Bank on Tuesday signed a financing agreement for IDA credit of USD 63 million (equivalent) for 'Tejaswini', which is a socio-economic empowerment of adolescent girls and young women project.

Full Story >>

New Delhi [India], Feb 28 (ANI): The Asian Development Bank (ADB) and the Government of India signed here USD 375 million in loans and grants to develop 800-kilometer Visakhapatnam-Chennai Industrial Corridor, which is the First Phase of a planned 2,500 km long East Coast Economic Corridor (ECEC).

Full Story >>

Strike disrupts banking services in Tripura

Updated: Feb 28, 2017 13:41 IST

By Pinaki Das

Full Story >>

New Delhi [India], Feb 28 (ANI): Credit rating agency ICRA expects the domestic sugar prices to remain firm in the near term, given the deficit situation in the domestic and international markets.

Full Story >>

New Delhi [India], Feb 28 (ANI-NewsVoir): The world's most elegant and notable celebrities sparkled in platinum jewelry at the "89th Annual Academy Awards" and related parties this evening. Large diamond stud earrings, cuff bracelets and cocktail rings were the top platinum jewelry trends on the red carpet.

Full Story >>