PAPER EKART: Providing One Of A Kind Marketplace For The Entire Paper Ecosystem
Organizations in all sectors including the Private and the Government procure paper. When these organizations, that often require paper as a raw material, do so in huge quantum, the paper conversion industry and key suppliers of paper come in. The paper conversion industry is growing at a rapid CAGR of 9.1 percent, and the size of the global market for converted paper products is anticipated to increase from $512.98 billion in 2021 to $559.66 billion in 2022. PaperEkart has recently begun its journey in this industry and has received an overwhelmingly welcome from various business houses due to its revolutionary capability of bringing transparency to the entire paper eco- system. It is the first start-up in the world to undertake such a venture, thus becoming an extremely popular paper marketplace.
The Start-up works as a multivendor B2B marketplace that supports several businesses in buying and selling various kinds of paper including Duplex paper, SBS paper, Kraft paper and so on. It is well equipped in bringing together various stakeholders including paper mills, stockiest and paper convertors together for delivering paper that may be used in multiple industries, like in Textile, FMCG, Pharma and the like. The purpose that Paper Ekart is most known for, is coordinating very effectively with all stakeholders in the industry, which leads to reduction in waiting time for businesses that need paper. The company has developed its own app, maintains a website and effectively sees that it always has the capacity to bridge service gaps in a fragmented industry as the paper ecosystem.
A Wide Range of Services
“PaperEkart provides benefit to both paper buyers and sellers by increasing transparency, meeting urgent demand and offloading unused stock which otherwise may lay for months. Its other services include listing the paper converting industry machines both new and used and, selling spare parts of various machines and it also manages advertisement services making the platform one place for all paper converting industry needs shares Manish Beria, Co-Founder, PaperEkart.
Apart from these, it also has educational content on its website in the form of blog posts that educate people on everything in regard to the paper Industry. It has started with a monthly newsletter covering current industry updates including events and news. It is also helping to create a credit rating system for buyers and help the financial mediator in the paper industry, so that trade hap- pens in a fast yet trustworthy manner.
The venture started in 2021 in Vapi, Gujarat with seven members as its employees, however, most of the core team including Co-Founders Manish Beria and Bikash Agrawal and CTO Shamim Iqbal have years of experience in the paper industry. It quickly became popular among both paper mill corrugators and businesses that require paper (Paper Ekart made it easy for corrugators to list their extra stock). Now the plan is to expand its operations in India and to introduce new, beneficial schemes for the customers. It is especially trying to introduce Buy Now Pay Later (BNPL) schemes for its customers, as this will help eliminate credit risk as Paper Ekart will coordinate between the parties that are buying and selling. Already having tie-ups with 45 paper mills in Vapi and having offices in Surat, Mumbai, and Vasai, it is set to open up offices in Jodhpur and Delhi. Paper Ekart is planning to facilitate import and export of paper, paper converting machinery, consumables and after sale service in the future.