So far this year, B2B e-commerce start-ups have raised a total of $196.5 million, the highest since 2010, according to Tracxn. The biggest deals: $100 million raised by Just Buy Live; Power2sme’s $35 million series E and $12 million investment into Moglix. These investments are supposed to accelerate the use of technology by B2B commerce start-ups to solve legacy problems in procurement and supply, logistics and financing. There are 29.8 million SMEs in India of which 94% are not registered, leaving little room for traditional lenders to serve them, according to a 2013 report by IFC. To tackle the problem, start-ups are helping their customers raise credit, or least getting them registered with GST.

Source: Mint December 07, 2017 21:11 UTC