B2B marketplace Pneucons eying one lakh registered sellers by the year 2025

Despite the technology revolution, almost every industry in India is yet to get fully-benefited from tech solutions. India has 1.23 crore GST taxpayers, and not even 3% of people are selling products online in engineering categories. Currently, the Indian B2B sector is facing huge challenges like credit cycle, payment defaults, indenting, logistics issues, etc. To overcome such problems, Pneucons has come up with a marketplace that provides end-to-end solutions to customers, unlike existing platforms, which only provide lead generation.Pneucons was founded in 1982 by Mr. Mahendra Lakhani with a simple goal to deliver quality products and automation in industrial engineering. Later, the second generation came up with new ideas and technological solutions and Lakhani duo Mr. Pritesh and Mr. Darshit launched the beta version of their platform in December 2020. The beta version received tremendous response in just eight months and generated transactions worth Rs. 2.35 crore apart from getting recognition in 14 countries. The marketplace has executed more than 500 orders since its inception, and the current average order value is Rs. 1 lakh.

Mr. Darshit Lakhani, COO, Pneucons said, “We are pioneers in the fire-fighting industry for the Real estate sector. With our core values like ‘You Earn, We Earn’ &‘Your Sale, Your Customer’ approach, we give genuine business to the sellers. At present, more than 25 leading national and international brands from countries like Japan, Taiwan, South Korea, Singapore, etc., have listed their products on our marketplace. We are focused on seller transactions in their respective categories and generating new revenues by cross-selling in other categories via Pneucons’s marketplace. Currently, more than 10 engineering categories are live on Pneucons & soon categories like Chemical, Scrap & Lubricants will go live.”

Unlike the other marketplaces, Pneucons is a first-of-its-kind multi-vendor B2B marketplace. The majority of the sellers on the platform are from urban areas. For the next three years, the company will focus on four metros, i.e., Delhi, Mumbai, Chennai and Kolkata, plus Ahmedabad and Pune to penetrate further and strengthen the client base. Import & Export of smaller transaction values in the engineering segment is a huge challenge for businesses. For the next stage of growth, Pneucons is working on making the whole import-export ecosystem more simple, smoother and hassle-free for the businesses. The company has also tied up with India’s leading key logistic partners to deliver goods to all possible pin codes across India.

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