MarketOrders is an award-winning B2B platform that enables independent retail jewellers to buy gold and diamond jewellery directly and seamlessly from international suppliers, giving them access to global designs, assured product quality, we aim to provide cheaper prices and faster service using innovative technology
The founders, Ram and Sukhi, had been supplying gold jewellery to the retail market in their previous startup when they noticed huge inefficiencies in the supply chain.
Each part of the transaction was done in the traditional manner; offline, meaning transactions were slow and mistakes were common.
The previous company generated healthy revenues (£25mn) over a period of 3 years but profit margins were hit due to inefficiencies with off-line transactions.
There had to be a better way to serve retailers and suppliers and that’s when MarketOrders was born in 2016 to provide a scalable solution.
MarketOrders uses tech to help retailers order products directly from suppliers, bypassing the traditional middleman.
Small orders are aggregated to create bulk orders allowing suppliers to provide discount pricing. These cost savings are passed to retailers.
With hundreds of designs available online, the business has organically developed a UK customer base and 3 international suppliers already on board.
MarketOrders are recognised for leading tech innovation in a traditional industry, winning 10 awards and featured in the Financial Times, The Sunday Times & Telegraph, CityAM, BusinessCloud and Management Today.
Self-funded to date, the team are raising funds to drive exponential growth for the next stage. Funds will be used to develop the tech platform, grow the team and scale across the UK.