Pune (Maharashtra) [India], May 20 (ANI/BusinessWire India): Continuing its profitable growth story, Source.One: a B2B commerce platform, ended FY22 with revenue of RS 1622 cr, a stupendous growth of 140 per cent from last year.
Started in 2018 to streamline the USD 250 billion chemicals distribution industry, Source.One has grown to become one of the largest in the space in just 3-and-half years. The company largely credits its network, and increasing formalisation of Indian economy, for the growth.
The Belief
"The journey has been Fulfilling," says Arun Singhal, CEO of Source.One. "We started out solving a much smaller problem: That of reducing disparity between prices at which smaller and larger processors buy their plastic raw material. The first 6 months was all about reducing this gap, by bringing transparency in the trade. Some-where down the line, we realised how inefficient the whole raw material distribution space is. And what it will take to solve them. We put our heads down and started executing the plans. Over the years, we have created a kind of Distribution machine, that can solve most challenges on an auto-mode."