Company Profile: Tolexo Online Pvt. Ltd.
Overview
Tolexo Online Pvt. Ltd. is a premier B2B retail marketplace in India, primarily servicing procurement needs for businesses, factories, offices, and laboratories. Established in 2014 as a subsidiary of IndiaMART, it leverages a strong buyer and seller network to streamline commerce. Tolexo offers a comprehensive shopping platform with integrated technology, payment, customer support, and fulfillment services.
Business Model and Offerings
Industry: Technology, Information, and Internet
Specialties: E-commerce, Industrial Marketplace, Last Mile Deliveries
Tolexo operates as an online marketplace for industrial goods and supplies, featuring a catalog of over 1,000,000 products. These include items like fasteners, power tools, and safety equipment, aimed at enhancing procurement efficiency for small and medium-sized enterprises.
Financials
Tolexo Online Pvt. Ltd. was incorporated on May 28, 2014, in New Delhi, with a corporate identification number (CIN) U72200DL2014PTC267665. It is a privately held company with an authorized capital of ₹80 crore and a paid-up capital of ₹7 crore. Recent financial disclosures (as of March 2022) show an operating revenue of under ₹1 crore.
Leadership
- Brijesh Kumar Agrawal: CEO and Director, leading with extensive expertise crucial for strategic growth.
- Prateek Chandra: CFO and Director since October 2018, playing a key role in financial strategy.
- Manoj Bhargava: Director since October 2018, providing strategic oversight.
Workforce
Tolexo's workforce comprises 201-500 employees, with a recorded headcount of 282, structured to support its extensive marketplace offerings and ensure efficient operational execution.
Partnerships and Growth
As a subsidiary of IndiaMART, Tolexo enjoys strategic synergy and robust market networks, extending its services to over 900 cities and towns in India.
Key Locations
- Headquarters: 8th Floor, Tower 1, Okaya Centre, B-5, Sector 62, Noida, Uttar Pradesh 201309, India
- Registered Office: 1st Floor, 29-Daryagang, Netaji Subash Marg, New Delhi, Delhi - 110002, India
Competitor Profile for Tolexo Online Pvt. Ltd.
Overview of Competitors
Tolexo operates in a competitive e-commerce industry with notable competitors, including Flipkart, Jumbotail, ToolsVilla, Mogli Labs, and Bulk MRO.
Flipkart
- Category: E-commerce
- Headquarters: Bangalore, Karnataka, India
- Ownership: Subsidiary of Walmart (85% stake)
- Market Position: A dominant force in Indian e-commerce for electronics, mobiles, and apparel.
- Financials (2024): Revenue of ₹70,541 crore with a net income of ₹−4,248 crore.
- Employee Count: Approximately 22,000
- Strategic Moves: Launched Flipkart Wholesale and diversified into health services with Flipkart Health+ along with AI and social commerce expansions.
Jumbotail
- Category: B2B Marketplace
- Headquarters: Bengaluru, Karnataka, India
- Services: Offers supply chain and fintech solutions for kirana stores and operates J24 branded retail stores.
- Founded: 2015
- Employee Count: 201-500
- Funding: $159 million over 9 rounds
ToolsVilla
- Category: B2B E-commerce
- Headquarters: Durgapur, West Bengal, India
- Founded: 2016
- Product Range: Machinery, tools, and agricultural equipment targeting small businesses.
- Funding: Raised $170K
- Market Reach: Serving over 200,000 buyers and 500 sellers across India.
Mogli Labs (Moglix)
- Category: B2B Marketplace
- Headquarters: Singapore, active in India
- Founded: 2015
- Services: Specializes in industrial products and supply chain/procurement solutions.
Bulk MRO
- Category: B2B Supply Chain
- Headquarters: Wilmington, Delaware, US
- Founded: 2015
- Operations: Provides global procurement and logistics solutions, focusing on MRO supplies.
- Funding: Raised $6.69 million over five rounds
- Scale & Reach: Operational across North America, Europe, Middle East, and India.
Tolexo must navigate these competitive dynamics, focusing on differentiating through enhanced technology offerings, leveraging its market position and parent company synergies.
