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In the world of Indian manufacturing, sourcing raw materials has traditionally been a cumbersome process—offline, opaque, and heavily reliant on middlemen. This often leads to inconsistent pricing, uncertain
In the world of Indian manufacturing, sourcing raw materials has traditionally been a cumbersome process—offline, opaque, and heavily reliant on middlemen. This often leads to inconsistent pricing, uncertain delivery timelines, and a lack of reliable credit options. However, Pune-based startup Source.One is changing the game by digitizing the procurement of industrial raw materials, starting with polymers.
For thousands of small and medium-sized enterprises (SMEs) across India, procuring raw materials has been a complex and inefficient task. The process typically involves multiple intermediaries, leading to inflated costs and delayed deliveries. Additionally, SMEs often struggle with limited access to credit and a lack of transparency in pricing.
Founded in 2018 by Arun Singhal, a veteran in the petrochemical industry, Source.One set out with a clear mission: to simplify the raw material procurement process for Indian manufacturers. What began as a WhatsApp-based ordering service has evolved into a full-stack, tech-driven platform that now serves over 10,000 businesses across all 28 states of India.
Source.One leverages technology to offer real-time pricing, logistics integration, and credit enablement, all within a single digital ecosystem. The platform connects buyers directly with suppliers, eliminating the need for intermediaries and ensuring competitive pricing.
Gone are the days of waiting for quotes. Source.One provides instant access to the latest polymer prices, allowing manufacturers to make informed purchasing decisions on the spot.
The platform ensures that all transactions are transparent, with no hidden fees or commissions. This level of transparency builds trust between buyers and sellers, fostering long-term business relationships.
With a network of over 800 transporters, Source.One ensures timely delivery of materials across the country. The platform’s logistics integration allows for real-time tracking, reducing uncertainties in the supply chain.
Understanding the financial challenges faced by SMEs, Source.One offers credit options to its users. This feature enables manufacturers to procure materials without immediate financial strain, facilitating smoother operations.
By democratizing access to raw materials, Source.One empowers small and medium-sized enterprises to compete on an equal footing with larger corporations. The platform’s user-friendly interface and transparent pricing make procurement more accessible and efficient.
Source.One’s services now cover over 300 districts across India, reflecting its rapid growth and commitment to reaching customers everywhere.
In the financial year 2023, Source.One reported a revenue of over ₹2,250 crore, a testament to its success and the trust it has garnered in the industry.
Looking ahead, Source.One aims to expand its offerings beyond polymers to include other industrial raw materials. The company plans to enhance its platform with artificial intelligence and machine learning capabilities to further streamline procurement processes and provide even more value to its users.
Source.One is not just a platform; it’s a catalyst for change in the Indian manufacturing sector. By leveraging technology to simplify and democratize raw material procurement, Source.One is helping thousands of businesses thrive in an increasingly competitive market. As the company continues to innovate and expand, it stands poised to redefine the future of industrial procurement in India.
