Larsen & Toubro announced the launch of L&T-SuFin an integrated e-commerce platform for B2B industrial products and services in a press release dated 7th March, 2022.
According to company release, the platform currently has 15,000 sellers and about 20,000 registered users. L&T-SuFin will host KYC-verified sellers and buyers vetted by the company. The platform also guarantees last-mile delivery to over 15,000 pin codes. The platform will provide working capital to MSMEs from a large array of banks and other financial institutions.
Commenting on the launch Mr. S N Subrahmanyan , CEO & MD, L&T, said, “As India aspires to become a $5 trillion economy, there lies a critical need to digitalize supply chains to enhance the overall global competitiveness of Indian industries, especially small and medium enterprises. With the launch of L&T-SuFin, we take yet another leap in our digital transformation journey“.