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  • Financial Express

India’s B2B industry a $200 billion opportunity: Bessemer Venture report

India’s Business-to-Business (B2B) online marketplace will be a $200 billion opportunity by 2030, states a recent report by venture capital private equity firm Bessemer Venture Partners.

The report titled “The Emergence of B2B Marketplaces in India” states multiple factors such as increased digital adoption by businesses, mature digital infrastructure on the back of digital payments, ONDC, OCEN, GST; favourable regulatory policies through the introduction of GST, e-way bill, TReDS; and a conducive cross-border environment would help the Indian online B2B marketplace grow.

However, even with such substantial growth, online B2B gross merchandise value (GMV) would be only five per cent of the overall B2B business in India, said the report. In 2022, B2B e-commerce accounted for merely one per cent of the overall B2B market in India.

Read more at Financial Express

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