Global Sparenparts plans to open warehouse in Hyderabad

V Rishi Kumar Hyderabad | Updated on January 16, 2018 Published on September 28, 2016

Planning to raise up to $ 15 million to fuel its expansion plans.

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 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.

Published on September 28, 2016
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