India stands on the cusp of a breakthrough in the manufacturing sector. Indian startups are reshaping the manufacturing ecosystem through AI, blockchain, and IoT, thereby driving efficiency and sustainability. One of the key aspects of this ecosystem is the supply chain involving industrial supplies. In this dynamic landscape of industrial supplies, Induzbuy is emerging as a game-changer, redefining how buyers and brands interact within the supply chain. This supply chain orchestration platform seamlessly connects buyers and brands.
Induzbuy targets the procurement side of the Indian supply chain, aiming to unify a market that works in silos, offering digital efficiency and transformation across manufacturing companies. Based in Bangalore, Induzbuy is a tech-enabled and human capital-driven company that promises an overall improvement in your supply chain efficiency while reducing costs by up to 4 percent over time.
With a focus on providing a seamless experience, the platform supports both self-service and assisted models for brands and buyers. The startup ensures a streamlined and transparent transaction ecosystem by offering a unified platform, fostering efficiency and clarity in every interaction. Induzbuy facilitates communication through WhatsApp, a widely used channel in the manufacturing sector.
“Our platform caters to diverse industries, offering category-based modules such as fasteners, lubricants, welding, safety, hand tools, power tools, raw materials, and many more. Each category is meticulously curated and maintained, accommodating any manufacturing industry's needs, making our system industryagnostic. Security is paramount, with authenticated logins, encrypted transactions, and hosting on AWS, ensuring the confidentiality of sensitive data exchanges,” states Sivaram Kuppachi, Partner and CEO of Induzbuy. The firm has a two-year roadmap with the initial product version launched, and subsequent platform releases planned. The procurement function in industry supplies serves two key stakeholders: buyers and brands. Buyers struggle to source materials due to the absence of a single platform for price, brand, and product discovery. Induzbuy platform addresses this gap, offering buyers a unified space for efficient discovery and an Auto Quote functionality for buyers with door delivery of industrial supplies.
In the last eight months, the firm’s E-procurement solution has made significant strides in two manufacturing clusters in Bangalore, engaging 650 buyers and 100 suppliers, and handling INR 27 crores worth of aggregated demand. Notably, a buyer experienced a 4 percent reduction in material procurement costs, translating to substantial savings for an INR 90 to 210 Crore revenue company. Another client, a larger company, achieved efficiency by reducing manpower, and reallocating resources for additional organizational activities.
In the ever-evolving procurement landscape, induzbuy stands tall as a beacon of technological innovation
“While we are awaiting case studies on inventory space cost, our clusterlevel hyperlocal delivery aims to alleviate working capital constraints and reduce inventory carrying space for small and midsize companies,” shares Ravindranath Ramaiah (RRN), Chairman and MD of the company.
Induzbuy boasts of a dynamic team, blending seasoned industry leaders with innovative minds for the future roadmap. Led by its Founder Chairman RRN, who is a veteran industrialist with an INR 400 Crore revenue company track record, the leadership team combines industry wisdom with forward-thinking enthusiasm. After the successful sale of his prior venture, RRN founded Induzbuy.
“Fuelled by agility and propelled by smart anchors, we integrate human capital and technology, forming our success mantra. From industry experts to specialised category managers, our team's expertise empowers us to surpass future business challenges,” adds Sivaram Kuppachi.
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