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Business EconomyPosted at: Apr 24 2024 3:49PM


mjunction joins ONDC Network

Kolkata, Apr 24 (UNI) mjvaluemart, mjunction’s online marketplace for the sale of unused surplus MRO spares, has joined the Open Network for Digital Commerce (ONDC).
Through this integration, mjvaluemart’s seller aggregator business catalog will now be discoverable by multiple buyer aggregator businesses on the Open Network, enabling a much wider reach to further expand its customer base, according to a media statement here on Wednesday.
mjvaluemart offers buyers access to a free and quick registration process. It allows checking out products available across the country at competitive prices. Buyers can also negotiate online with sellers, place an order online and have them delivered to their doorstep.
Vinaya Varma, MD & CEO of mjunction, said, “As mjunction joins the Open Network, we are expecting an enhanced reach and accessibility. Our presence on the Network will not only help us to serve our existing customers better but also touch newer markets, increase our product visibility and pave the way for our next phase of growth capitalizing on operational efficiencies and effectiveness.” He further added, “Since our launch in 2021, mjvaluemart has successfully established its presence in its target markets. But now as we onboard onto the ONDC Network, it will definitely be a critical reinforcement.”

T Koshy, MD & CEO, ONDC, said, “As ONDC Network aims to create a transparent ecommerce ecosystem creating equal opportunities for all, we are happy to see mjunction onboard. MRO spares are essential component for any business that operates heavy equipment and machinery. With mjunction entry to the Network, it not only provides buyers with greater product choice but also helps mjunction reach a wider customer base nationwide.”
Surplus inventory of unused MRO spares is a challenge in most large manufacturing companies. mjvaluemart addresses this age-old challenge in the industry, bringing about efficiency and improved price realization by connecting the sellers with the right kind of buyers such as MSMEs, and traders across the country. mjvaluemart has also created an ecosystem of value-added services like logistics and inspection to help buyers and sellers in smooth transactions.
UNI SJC KK
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