Ya'll Nibbiars
The Kolhapur based Start ups is the next big thing in B 2 B platforms could be unicorn somedays.
The When the country went into a lockdown in March 2020, the sugar business came to a standstill. However, being an essential commodity, it became imperative that sugar supply is maintained. That is when people in the sector realised that they have to digitise in some form. The and Taking a cue, by April 2020 launched eBuySugar.com as a digital platform where we could bring buyers and sellers together. Trading began almost immediately. It has been over two years since the platform has been online. Every other commodity has seen a big role in technology and digital solutions, but sugar trading has seen no such advancements, says Uppal, before going on to explain further. A trader strikes a deal to buy sugar from a manufacturer over the phone. The trader then subsequently sells it to a semi wholesaler, again carrying out the entire business over phone calls. And Every other commodity has seen a big role in technology and digital solutions, but sugar trading has seen no such advancements. The Sugar is a government controlled commodity. The government allocates a sales quota every month to every sugar factory. Sugar factories have to sell, ensure deliveries and then make payments to farmers. For many sugar mills, the math just does not work out and so many farmers have pending dues. This is how sugar factories still continue to function in a traditional manner.
The eBuySugar crossed a turnover of 400 crore rupees last financial year. And About 12 lakhs tonnes of sugar have already been traded and delivered across the country, with zero default and reductions, the company claims.
And It's a Dark Unicorns in making an a best kept secrets. The value of the Tier 1 based Start Ups has alreday reached SooniCorn Status. And that just within two years.
And on one hand Kolkata is struggling to get a soonicorn and out of nowhere a Tier one city with the population less than 12 times has a soonicorns.