UAE e-Commerce Startup SupplyVan.com Grows 64% in 2020
Smart Technology

UAE e-Commerce Startup SupplyVan.com Grows 64% in 2020

Successfully increases market for industrial supplies during pandemic

TLME News Service

UAE based ecommerce marketplace, Supply Van (SupplyVan.com) has grown from strength to strength with a Year on Year CAGR of 64% in 2020 growing its customer base by 30%.

This is a testament to Supply Van’s operational excellence and on time delivery whilst satisfying customer demand in Maintenance, Repair and Overhaul (MRO).

SupplyVan.com is the first dedicated MRO products multi-vendor marketplace portal in the region that has over a 3 year operational history with over 100,000 listed SKUs from 1700+ international brands in 1500+ categories.

Conceptualized and brought to Market by Ali Asgar Raja, CEO of Supply Van, the ecommerce marketplace is a self-funded start-up with a substantial investment that reflects in its growth story.

Ali Asgar said: “The past year has seen us bolster our B2C model which has helped us establish a strong presence in the market.

"This has paved way for us to now focus on key area of priority being enterprise sales wherein we have already established key partnerships with industry leaders in the region and plan to offer technology enabled procurement solutions.

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"Inventory and vendor procurement models will further accelerate enterprise contract business.”

“We have invested in critical hires and have demonstrated excellence in the MRO industry. We are confident and are very well placed to raise Series A funding by June 2021.

"We are excited with our growth prospects and the funding will further enable us to solidify our first mover advantage in the region, scale operations, build our team and technology and expand to other regions. Onwards to better and bigger things,” says Ali Asgar Raja.

SupplyVan foresees a greater demand within the next one year especially with the advent of Expo 2021.

Their move to a brand new 5000 sq feet logistics facility near Dubai Airport will further support this demand through enabling faster delivery, easier vendor management and quick order fulfillment as well as spearhead enterprise sales.

It will also allow them to serve a greater customer base both locally and regionally.

Read More: MENA Startups Attract $1 Billion of Venture Capital in 2020

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