Indian growth story in the past was facing hindrance due to restrictions such as import licensing, a slew of certifications and mandatory testing. However, with changing economic and political, procurement in India is becoming a great option for businesses of all sizes from various countries. The current procurement service providers are committed and create the right environment for building sustainable long-term business relationships focused value creation. Chennai-based Venttup Ventures is an example of one such company.
Venttup as an emerging leader in procurement service industry, comes with a strong leadership team to support the procurement needs of businesses. Its leaders have extensive experience leading high-profile projects for both public & private sector firms in Energy, Mechanical, Infrastructure & Construction Industry.
“As an Infrastructure/MSME focused B2B startup company, we are here to assist our clients – manufacturers, contractors, Infrastructure companies with our smart and robust procurement network for the purchase of raw materials & services for the timely delivery of projects”, says P. C. Paul, Advisor at Venttup. As an Infrastructure/MSME focused B2B startup company, Venttup is here to assist its clients – manufacturers, contractors, Infrastructure companies with smart and robust procurement network for the purchase of raw materials & services for the timely delivery of projects.
End-to-end Transparency to Benefit Businesses
B2B online marketplaces generate self-served, digitally-sourced ambiences where multiple vendors can offer products or services to business customers. B2B marketplaces provides choice, value, and greater efficiencies to buyers. Sellers gain access to a broader pool of buyers, thereby improving the customer experience by making transactions simpler and more translucent. With its combined experience in various sectors like Power Generation, Transmission & Distribution projects, Construction Material and Precession mechanical Industry.
Venttup has strategic tie-ups with various manufacturing partners & service providers for the supply of raw materials to varied business segments. First, for Energy Business Sector, the company constantly collaborates with energy sector to create a sustainable future by supporting EPC contractors & manufactures with the supply of switchyard equipments, transmission line components & various other projects services.
Second, Venttup provides a comprehensive solution for all construction material supplies to infrastructure companies & various contractors. “Thirdly, we offer a broad pool of capable vendors operating under a wide range of business models with expertise in precession & high-quality mechanical component manufacturing”, adds Shijith Thavakkara, Co-Founder at Venttup. Lastly, Venttup also ensures the procurement of indirect materials to gain control over rogue spend, thus reducing risk and improving compliance.
Onward & Upward
B2B marketplaces provide several general benefits to business. “We promise end-to-end transparency in product, service, and supplier availability, and flexible pricing and purchasing terms”, says Bimal B Krishnan, Co-Founder at Venttup. The company also supports the SME’s in expanding their selling portfolio by offering right vendor choice to business customers.
Venttup's goal is to bring the unorganized infrastructure material business under one umbrella to offer a one-stop solution to B2B companies. Its vision is to on board maximum MSME manufactures to help them achieve their sales goal & bring opportunities to localize the products in India for local & global demand
The company boasts a portfolio of greater vendor choice that offers one-stop shopping, manages spending and compliance, faster and cheaper delivery and integrates into the source-to-pay process. “Our goal is to someday unify the unorganized infrastructure material business under one umbrella and offer one-stop solution to B2B companies”, concludes Bimal B Krishnan.
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