Nuoaura records quarter-on-quarter revenue growth of 52 percent

| Updated: Aug 23, 2017 11:20 IST

New Delhi [India], Apr. 8 (ANI):, an online megastore for office supplies, consumables and merchandising achieved a Quarter-on-Quarter revenue growth of 52 percent. Offering office supplies, furniture and office interiors and on-demand printing, marketing and design services, the B2B e-commerce megastore aims to simplify the business-buying experience and improve productivity for every Indian business. Established in October 2015, was ideated after noticing several gaps in the office needs procurement space. The founder, Sharad Jaiprakash, observed that India's office supplies industry was highly fragmented due to issues such as lack of professional supply systems, multiple vendor management, inefficient logistics and a lack of clarity on consumption and planning. Moreover, they witnessed that 95 percent of the B2B supplies market in the country was driven by traditional sourcing methods, unorganised vendor models and growing demand from customers. With more than 30 corporate companies empanelled on the marketplace as one of the preferred vendors and around 70 products sold per month, is recording a quarterly revenue growth of 43 percent. Focusing primarily on its product portfolio, technology platform/tools, and service delivery, emphasises on numerous advantages for the businesses as a one-window fulfillment destination to manage all their sourcing needs. It customises buying catalogues for a company, provides automated approval processes, tracks the monthly spend of a business, offers exclusive pricing based on the needs, customises payment terms, provides dedicated account managers to large B2B customers and guarantees support, cash backs, returns and refunds. Headquartered in Bangalore, has set up its regional operations at Hyderabad and Chennai and caters to large corporates, MNCs, SMEs, and startups. (ANI)