Udaan, Jiomart led India’s B2B e-commerce market to reach $100 bn by 2030

India’s B2B e-commerce market, led by players like Udaan and Jiomart, will reach $90-100 billion in gross merchandise value (GMV) by 2030, a report showed on Wednesday.

It is further projected that the B2B general trade opportunity in India will reach $1.2 trillion by 2030, with eB2B coming up as a promising digital procurement solution, according to a report by Redseer Strategy Consultants.

At 84 per cent, India holds the largest share in general trade when compared to developed nations, including the US and the UK.

It is the unorganised general trade channel that is driving India’s retail market and will continue to grow, doubling in size from $0.7 trillion to $1.4 trillion in the same time-frame.