Alibaba to boost B2B commerce play in India

Tuesday 20 September 2016 13:00 CET | News

Alibaba is partnering with DHL and Delhivery for providing domestic and international logistics support to Indian sellers, along with offering financial aid through its tie-ups with local banks.

Some of the local players in this space include India MART and scores of startups including Moglix, and Ofbusiness, besides Amazon Business.

IDFC Bank has come on board as the main partner to provide cross-border banking services to sellers and offer to them banking solutions. While IDFC Bank and Kotak Mahindra Bank will be lending to these sellers, majority of the working capital support for merchants will be routed through Aditya Birla Finance. India E-commerce, the entity which runs the B2B marketplace business in India has been registering profits for the last three years though its sales have slipped starting last year.

Alibaba has been operating in India since 2007 and the online retailer claims its marketplace had 4.46 million registered Indian buyers and sellers at end of 2014.

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Keywords: Alibaba, B2B, commerce, India, DHL, Delhivery, financial aid, cross-border, banking, solutions
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech