SupplyVan reports a steady growth of 60% within the industrial supplies market. With behemoths like Souq and Noon focusing on all kinds of consumers goods, SupplyVan has carved a niche for itself in the MRO (that’s Maintenance, Repair and Overhaul) products market catering to Industries, Factories, Workshops, Hotels, Facility Managers, Offices, Contractors and businesses of all sizes and kinds including DIY Customers. The company’s vision is to become the Largest One-Stop-Shop for all MRO products in the Middle-East region.
2018 has been an important year for e-commerce. The E-commerce market in the region will be worth $48.6 billion in 2022, up from an estimated $26.9 billion in 2018.
SupplyVan follows a self-created “SupplyVantage” model where-in pricing is monitored constantly to ensure competitiveness and customer value. Delivery model is a combination of partnering with local and international couriers along with its own delivery fleet to ensure faster and timely deliveries. E-commerce market in the region will be worth $48.6 billion in 2022, up from an estimated $26.9 billion in 2018.
Conceptualized and brought to Market by Ali Asgar Raja, CEO of SupplyVan.com, it is a self-funded start-up with a substantial investment that reflects in its growth story. It has maintained a positive margin model successfully and has achieved an impressive quarterly growth of 30% with 70% of the revenue coming from registered businesses and the rest from DIY customers. SupplyVan also boasts of repeat customer business. As of December, SupplyVan.com reportedly witnessed a growth of X% market share in UAE and is projected to expand its verticals as well as enter other markets in 2019.
The platform provides tools such as Power Tools, Hand Tools, Safety, Measuring and Testing, Hydraulic and Pneumatic products, and many other technical and general products that are required by both, the business-to-business and business-to-consumer customers. The platform aggregates orders at its location and delivers them to customers under a consolidated invoice.