Comments
Global Sparenparts, an aggregator of industrial spares, has announced plans to set up a warehouse in Hyderabad to serve the southern market.
The Delhi-based start up, which offers its spares supplies through an e-commerce website www.sparenparts.com for industrial consumers, is planning to raise up to $ 15 million to fuel its expansion plans.
Dinesh Kumar Agarwal, Co-Founder, Global Sparenparts said the e-commerce site has been set up to make sourcing of spares a hassle free experience for industries and businesses. The products are offered through tie ups with manufacturers and original equipment manufacturers.
The industrial products have been classified under 24 main categories from over 800 plus brands offering more than 5 million products. The assortment is aimed at facilitating easy search and purchase.
The market for spares in unorganised and industries often struggle to find the right spare be it a bearing or another related industrial item. By organising the entire range of products, the company seeks to make this business to business engagement a seamless one backing it through supplies with well established logistics companies, he said.
The idea behind this start up is to address the problem of sourcing spare part came through in partnership with an industrial colleague Ashok Kumar Gupta, MD and CEO of a Steel company and APL Apollo Tubes, who experienced the need for such an initiative. Any delays in procuring spares leads to production loss which industries cannot afford, he said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.