B2B

Coal demand in India has remained subdued during the current fiscal year, according to a report by mjunction, one of the country’s largest B2B e-commerce platforms for commodities. The analysis points to muted consumption from key industrial sectors, particularly steel and power, as a primary reason for the slowdown. While India continues to depend heavily on coal for electricity generation, the pace of demand growth has been constrained by stable inventory levels, efficiency gains in thermal power plants, and increasing adoption of renewable energy.

In a strategic move aimed at expanding its footprint in the B2B e-commerce and liquidation marketplace, Avance Technologies has acquired Excess2Sell, a leading platform specializing in surplus inventory management. The acquisition aligns with Avance’s ambition to diversify its digital offerings and enter high-growth segments within India's rapidly evolving commerce ecosystem. By integrating Excess2Sell’s proprietary technology and client network, Avance is positioning itself at the intersection of digital supply chains, enterprise solutions, and smart inventory management.

In a landmark development within India’s B2B e-commerce sector, Jumbotail has raised USD 120 million (approximately Rs. 1,027 crore) in a funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc. This infusion brings the company’s total capital raised to USD 263 million. Simultaneously, Jumbotail has completed its acquisition of Solv India, a fintech-enabled B2B marketplace also backed by SC Ventures.

Suntech Infra Solutions, a B2B construction services provider, has announced the launch of its Rs. 44.39 crore initial public offering (IPO), with a price band set between Rs. 81 and Rs. 86 per share. The issue opens for subscription on June 25 and will close on June 27, with plans to list on the NSE SME platform. The offering comprises a fresh issue worth Rs. 34.18 crore and an offer-for-sale (OFS) component of Rs. 10.21 crore. Proceeds from the IPO will be channeled into working capital, equipment purchases, and general corporate needs to support the company’s continued expansion.

Paper Arizona, a fast-growing B2B marketplace for paper, pulp, packaging, and allied products, has unveiled plans to go public with an Initial Public Offering (IPO) in the latter half of 2026. The startup, which surpassed Rs 100 crore in annual revenue within just three years of inception, aims to raise approximately Rs 50 crore through the IPO. As part of its expansion blueprint, the company is focused on strengthening its foothold in North India and strategically entering Eastern and Western markets before venturing internationally by 2030.