Photo - Bolesale
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Bolesale

B2B Marketplace that connects Manufacturers with Retailers

India, Uttar Pradesh
Market: Internet and IT
Stage of the project: Prototype or product is ready

Date of last change: 28.06.2021
Min amount of loan
$  70.000
Estimated yield
3 % a year
Show contacts
0
Total required
$ 150.000
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- is looking for investment
 

Idea

• Bolesale is a B2B Marketplace that connects Manufacturers and Wholesalers with Retailers and Resellers all over India.
• It empowers Manufacturers and Wholesalers to sell their goods all over India in Wholesale by creating an E-Distribution with Bolesale.
• It enables Retailers and Resellers to get Highest Margins possible on Resales along with access to huge variety of Goods.
• We are operating in a SOM of $80 Billion, increasing 20% Annually and is expected to reach $150 Billion by 2025.

Current Status

• Google Play Downloads: 3200+
• Sellers: 87
• Products Listed: 3000+
• Received Orders Worth: USD 15000

Market

We are Focused Entirely on B2B Market as Frequency of Orders from Same Buyer are Very High as Compared to B2C Market.

Opportunity (Currently only India Focused Data):
• Total Available Market: $ 525 Billion
• Total Operatable Market: $ 150 Billion
• Total Addressable Market: $ 50-60 Billion (Increasing 20% Annually)
• 63.05 Mn+ MSMEs
• 14 Mn+ Retailers
• 10 Mn+ Resellers (Increasing 25% Annually)

Problem or Opportunity

Problems:
For Manufacturers and Wholesalers:
• The Manufacturers and Wholesalers are able to sell and showcase their products only with specific amount of contacts they have and their nearby places.
• Even though they have the capacity to supply more, but the lack of demand restricts them to work at a slower pace.
• No support for the small areas wholesalers.
• The Local Brands that are famous in their Hometowns are unable to expand and appear in the Indian Market.
For Retailers and Resellers:
• The Retailers are actually helpless in buying the commodities from the nearby wholesalers and manufacturers at their unfair prices.
• They do not have access to variety of products to sell which affect their sales.
• The Small Retailers cannot cope up with the latest trends in the market.

Opportunity (Currently only India Focused Data):
• Total Available Market: $ 525 Billion
• Total Operatable Market: $ 150 Billion
• Total Addressable Market: $ 50-60 Billion (Increasing 20% Annually)
• 63.05 Mn+ MSMEs
• 14 Mn+ Retailers
• 10 Mn+ Resellers (Increasing 20% Annually)

Competitors

Competitors/Alternatives:
• Udaan
• IndiaMart
• TradeIndia

Advantages or differentiators

We, as a Startup, not only try to Generate Sales.
• We thrive to bring the Brands that are only limited to their Hometowns into the Indian Market and help them become Popular and reach every corner of India without a Distribution System.
• We also enable Retailers to get Higher Margins on the Products sold and put Latest Trends on their shelves.
• We provide Excellent Customer Support before, during and after the Order is placed.
• We provide a Referral Income to our Sellers that is for the first time in this B2B E-Commerce Space.

Finance

• Fixed Commission on Each Transaction
• Legal Services
• Shipping Charges
• Exclusive Sale by Sellers by Providing a Fixed Amount
• Sponsored Products and Sellers

Loan terms

36 months

Interest rate, %

3

Business model

• Owner of Ramesh Bicycles, Ramesh is a Manufacturer of Baby Tricycles in Delhi. He is not getting New Customer because the Market is Saturated in Delhi.
• So, he onboards on Bolesale as a Seller and Uploads his tricycles.
• Owner of Shyam Cycles, Shyam is a Retailer in Madurai and needs Baby Tricycles for his Customers. But, the Wholesalers in his Area are selling at a Very high Price in which he does not have high Profit.
• So, he Downloads Bolesale App and Looks for the Bicycles and After Looking through the Prices and Minimum Order Quantity, he orders the Bicycles.
• They are Delivered at his Doorstep and he can Easily look for other Products to Expand his Business.
• With this, the Supply and Demand Gap is Diminished by Bolesale.

Solution (product or service)

• Owner of Ramesh Bicycles, Ramesh is a Manufacturer of Baby Tricycles in Delhi. He is not getting New Customer because the Market is Saturated in Delhi.
• So, he onboards on Bolesale as a Seller and Uploads his tricycles.
• Owner of Shyam Cycles, Shyam is a Retailer in Madurai and needs Baby Tricycles for his Customers. But, the Wholesalers in his Area are selling at a Very high Price in which he does not have high Profit.
• So, he Downloads Bolesale App and Looks for the Bicycles and After Looking through the Prices and Minimum Order Quantity, he orders the Bicycles.
• They are Delivered at his Doorstep and he can Easily look for other Products to Expand his Business.
• With this, the Supply and Demand Gap is Diminished by Bolesale.

Team or Management

Risks

• Lower Margins
• New Competitors Entering

Incubation/Acceleration programs accomplishment

N/A

Won the competition and other awards

N/A
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