India's Largest B2B ecommerce Platform forays into International Trade with rivexa

KOLKATA, India - Sept. 5, 2024 - PRLog -- rivexa, the latest B2B e-commerce portal launched by mjunction Services Limited, aims to revolutionize global sourcing with seamless access to top Indian suppliers. This new service enhances procurement efficiency, offering them direct access to trusted, cost-effective suppliers.

Company background
Founded in 2001 through a partnership between Tata Steel and Steel Authority of India Limited (SAIL), mjunction established itself as a leader in the global e-marketplace for steel and commodities. The company is known for its innovative e-auction and digital supply chain transformation.

Introducing rivexa
rivexa is the latest addition to the mjunction portfolio. Launched in October 2023, rivexa is the bridge between global buyers and India-based suppliers. "rivexa builds on our longstanding reputation for trust and reliability," said Vinaya Varma, Managing Director & CEO of mjunction. "It's a key resource for US buyers looking for quality products from vetted Indian suppliers."

Benefits & Impacts
For US businesses, rivexa simplifies the procurement process, offering direct access to competitively priced, high-quality products from India, making it easier to meet market demands.

Additional innovations
mjunction is also behind innovations such as the mjPRO procurement network and its tea e-marketplace project, which have optimized sales processes and reduced cycle times. These innovations enhance efficiency and transparency for global clients, including US buyers. The company successfully managed the high-stakes IPL media auction valued at $6 billion, second to the NFL's broadcast rights auction that netted a higher price.

Vinaya Varma highlighted, "The IPL auction was a prestigious project for us. Our technology-driven approach ensured transparency and confidentiality, handling a high-value, high-visibility auction with precision."

Future Outlook
As rivexa scales, US buyers can expect even greater access to innovative procurement solutions, positioning them to thrive in a competitive global market. "Our vision is to be the leading digital commerce system of choice for over one million businesses worldwide, powering over $100 billion of commerce annually," adds Vinaya Varma.

♦ About mjunction Services Limited
mjunction Services Limited is India's largest B2B e-commerce company and a leading e-marketplace for steel globally. Founded in 2001, it is a joint venture between Tata Steel and Steel Authority of India Limited (SAIL). mjunction offers a wide range of e-commerce solutions across various sectors, transforming supply chains through digital innovation.

♦ About rivexa
rivexa, launched in October 2023, is a groundbreaking B2B network designed to expand global market access for Indian MSMEs while supporting the 'Make in India' initiative. By connecting suppliers with international buyers directly, Rivexa streamlines procurement and enhances visibility for high-quality, reliable products.

For more information on rivexa and mjunction, contact: