Excess.in offers an online platform to clear surplus stock
Thursday, December 24, 2009
Kolkata-based Excess Infomedia, the company which publishes gadget magazine Exhibit, has launched Excess.in as an online B2B platform which provides excess stock solutions for traders and distributors of consumer electronics and IT. According to the company, Excess.in has already attracted around 100 registered users and 200 product listings since its launch on December 11, 2009.
“While working for Exhibit magazine, we deal with many dealers and distributors who have a constant problem of outdated and surplus stock. This resulted in the idea of having an online B2B platform that would help in the smooth transfer of surplus stocks,” Ramesh Somani, director, Excess Infomedia, has told AlooTechie. According to Somani, the company has tied up with around 50 retailers and dealers in Delhi, Mumbai, Kolkata and Bangalore for posting their stocks on the website.
Excess.in earns its revenues from paid membership plans which range between Rs 2,000 and Rs 75,000. Paid members can display their products and can put up their requirements on the site. Besides, they can also get leads and see contact details of the dealers. Whereas, free members can just view and send queries about any product.