Larsen & Toubro (L&T) has established the L&T-SuFin e-commerce platform. It is the country’s first complete e-commerce platform for industrial products and services sold to other businesses. The platform’s transaction cost is roughly 1.5 per cent. Through its B2B e-commerce platform, the company aimed to empower businesses, particularly micro, small, and medium enterprises, by allowing them to obtain industrial items digitally and cost-effectively across India.
“With digital technology, L&T SuFin is positioned to alter the Indian business landscape, resulting in the formalisation of traditional supply chains and a win-win situation for suppliers and buyers,” the company said in a statement.
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KEY POINTS:
L&T SuFin gave sellers the opportunity to expand their markets. The platform, according to the business, is designed to connect buyers across categories and across India.
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