Nexprt Solutions Private Limited

In their own words

India, a country of 120 Cr+ people, and a glorious past of being the world’s “golden bird” - has a trade deficit of around 100B USD today. In a highly competitive global export industry, the Indian manufacturing sector needs to be supported to realise their complete potential. The sector is fragmented, suffers from information asymmetry, and struggles to compete due to lack of standardization in quality and output. We at Nexprt want to “Simplify global trade with India by providing a ‘Reliable, High Quality, and One Stop Solution’ for Indian exports' with a vision to see India as a trade surplus economy in the years to come. Today, the export buying journey suffers from lack of transparency, with trust breakage at multiple points. The existing network of exporters and buying agents are typically not suited to solve the challenges that suppliers and buyers face. We are a highly tech enabled fulfillment platform that focuses on end to end transaction ownership in the international trade ecosystem which will cause a tangible difference in the journey for both buyers and sellers. We have developed an innovation roadmap on how we can create this difference. First, we aim to significantly improve the overall experience for buyers and sellers by developing technological tools that will create disruption in the existing system and aid both process visibility and new product development. Some of the tools we have in mind are: 1) Pricing calculators, which can allow buyers to arrive at target prices for their products. These are extremely important in categories like handicrafts where similar products can be developed by changing base materials and finishes 2) Product development studios and feedback tools which will allow both buyers and sellers to develop and test new product designs with customers before introducing a new product line. This ensures MSME production is fully utilised due to a continuous and assured demand pattern which is always in line with what the market wants 3) Visibility mechanisms that allows you to track the progress of your import transaction 4) Artificial intelligence and machine learning tools to do quality checks Apart from bringing in efficiencies to improve the existing system, there is a lot of value to be unlocked by streamlining the entire process itself. Currently, in the importing country, a wholesaler imports the goods and then sells it to retailers in that country. This wholesaler marks up the price of the imported goods by 1.5x and sells it ahead. We at Nexprt want to aggregate retailers and ship products directly to them at a lower cost than what they buy from the wholesaler. Even after doing that, there will be significant margin savings that can be shared with the suppliers in India. Nexprt will use demand prediction and logistics optimisation to aggregate this demand, and get significantly better margins for the Indian MSME sector. We at Nexprt believe that bringing this revolution into the way global trade is conducted will help India’s rich cultural and manufacturing setup scale up, and also ties into our government’s vision of ‘Make in India for the World’

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