Many believe
that the future of social media is set to be more niche and community/sector
focused. Realizing the need for having a platform for buyers and sellers and
enhance the way professionals connect and collaborate, two serial entrepreneurs
decided to come up with a platform that can significantly improve
communications and relationships between sellers, buyers and business
communities with an tech-based unique initiative – b2bsphere.com. B2bsphere.com
is a unique solution offering a platform for buyers and sellers to hang out,
explore opportunities and communicate all in one place. With integrations with
tools and services most business use daily, it is an ecosystem for buyers and
sellers to manage their supply chain network.
Babu Jayaram
“B2BSphere
was born out of the frustration of doing business with suppliers. The
difficulty keeping track of e-mails, Skype, Whatsapp messages, documents and
other files made the job frustrating and time- consuming. We created one system
to keep track of all correspondence,” says Babu Jayaram, Co-founder,
b2bsphere.com. Founders are veterans in technology and manufacturing,
international trade, having spent many years in building technology companies
and manufacturing industries around the world. Currently the team is primarily
based in Bangalore and Sales & Support office in Houston, USA.
The idea
popped up when one of the founders, an experienced manufacturing professional
found it time consuming to use multiple tools in order to manage daily
communications with existing customers and new leads. With no easier and
alternative solution available in the market, the idea of b2bsphere.com was
coined.
Talking
about the features Sudhi Seshachala, Co-founder, b2bsphere.com says, “B2BSphere
leverages the patent pending technology that facilitates business procurement
and transaction between buyers and suppliers. Buyers or suppliers lookup,
connect and interact with a suite of tools and integration points. Buyers and
suppliers can interact over a simple messaging channel to share conversations
and connect to take the conversation forward.”
Sudhi
Unlike any
other platform, b2bsphere.com offers a suite of tools for buyers and sellers to
share files on integrated cloud storage (or attach from anywhere Drop box,
Google Drive etc.), chat, and messages over a safe and secured channel and even
audio-video web conference all in one place. “Buyers can bring their existing
supplier relations online, create private chat rooms, and bring all
communications with suppliers to one place. Platform allows teammates, buyers,
partners to come together and collaborate with options to create an unlimited
amount of teams for each project and private conversation rooms,” adds
Seshachala.
Business
Model
B2bsphere.com
is neither a pure directory listing service nor a knowledge-sharing platform.
B2bsphere.com is a unique solution offering a platform for buyers and sellers
to hang out, explore opportunities and communicate. Thus the business model
also differs. “B2bsphere.com has different subscription plans for both buyers
and suppliers. At present, most of the services are free for suppliers and
buyers, while services through market place have different pricing structure
based on the service.” avers Babu.
Key Points
Over 1
Million Suppliers from India & Indian Sub continent, Bangladesh, Pakistan,
SL, Bhutan, Indonesia, China, Eastern Europe and the US and Buyers from US, UK,
Germany and Canada to name a few.
Over 1000+
users (Growing at a healthy rate m/m)
Overwhelming
50% of users are using the platform to source, collaborate [Messaging, one-one
Chat, Channel based chats, Sharing files/folders, Integration with third-party
tools like Dropbox and Google Drive] and extend business relationships and
transactions.
Glowing
reviews from marquee buyers like Stanley Black & Decker, ITT Enidine, Crane
CPE and many more.
Only company
in India to introduce and offer buyer services to verify suppliers in India and
sub continent through their network of partners.
Over 1
Million worth of Business transactions have been established through business
connections between buyers and suppliers in little over 8 weeks since going
live.
Initial
round of discussions with B2B ECommerce Company in India to offer the products
in our Social Marketplace. Formal announcement will be made soon.
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Marching
Ahead
B2bsphere.com
has managed over 1 million suppliers, 1000+ users within 2 months of its
inception. The company is growing at an average of 50% user growth monthly.
With this healthy growth the company is planning to add many features in the
near future and raise some seed round of investment from prominent investor/s.
“B2b trade
is a multibillion-dollar industry across the globe and we are aiming to capture
a very small percentage of that market in the immediate future with our
services. We are in discussion to raise undisclosed amount in an initial round
to scale our sales & marketing team and product development. We are also in
advance stage of talk with an Indian b2b ecommerce firm to develop product
catalogue in our website,” concludes Babu.
