How to Develop a B2B Marketplace App Like Udaan in 2022?

With the B2B marketplace evolving rapidly, businesses must take advantage of the online platform to transform digitally and grow. But, how can it be achieved? You can develop an app similar to Udaan, a B2B marketplace. You need to learn and understand the features of a B2B marketplace app, like Udaan, before you begin developing it for your business.

What Is a B2B Marketplace Mobile App?

B2B ecommerce mobile apps have revolutionized the eCommerce world. They can conduct all business transactions from anywhere in the world using this service. These applications can be built for Android, iOS, or support multiple platforms.

With the growing popularity of online shopping, Business to Business marketplace apps is becoming increasingly popular. It is preferred for direct sales to retailers and wholesalers.

With a B2B marketplace app like Udaan, buyers and sellers can do business more efficiently. Mobile B2B marketplace apps work in the same way as physical marketplaces in which businesses sell products to each other. Only difference is now it will be done in the form of anytime and anywhere accessible applications.

Udaan- A Brief Introduction

It connects wholesalers, manufacturers, merchants, and vendors with small businesses around the world through its online B2B marketplace. Businesses can easily access wholesale prices for their products with this application. In addition to bridging the gap between manufacturers and retailers, it is the ultimate solution for all B2B issues. User can access Udaan via a browser as well as an Android or iOS device.   The company was founded in 2016 by three former employees of Flipkart, Amod Malviya, Sujeet Kumar, and Vaibhav Gupta. At first it was a small-scale app focused on logistics, but it gained popularity very quickly.

What Are the Benefits of a B2B Marketplace App Like Udaan?

We have become accustomed to convenience in every aspect of our lives, thanks to the penetration of mobile phones and the internet. This includes the business side as well. Users of B2B marketplace apps can take advantage of a number of benefits. Let’s have a look at a few of them.

Better opportunities

Search engines help clients and resellers locate wholesalers and manufacturers in their areas. Through meeting people who deal in similar products, business opportunities are enhanced. With the help of targeted content, users can attract new customers.

Increased B2B Sales

Clients can benefit greatly from seeing relevant products and services as well as receiving recommendations. With B2B e-commerce apps you can be assured that this aspect will be taken care of. If one wants to boost sales, he must ensure he is targeting the right audience and showing them a wide range of products that are of interest to them. This platform can also be used for cross-selling.

Reduced Production Cost

Can we lower the production cost and get higher returns by doing so? Despite it not sounding practical, it can be done. Businesses and users are in control of everything when it comes to B2B mobile applications. Among other things, they are able to manage orders, client information, and other things themselves. Streamlining their preferences will decrease costs for your company.

Customer Feedback

When your customers have a positive shopping experience with your services on the platform, it can help you increase future sales. Clients have always been very enthusiastic about sharing their experiences with one's products and services. Using this method, businesses and clients can get a better understanding of the quality of a particular seller or business.

Enhance Brand Visibility

Having a B2B marketplace application allows you to reach global buyers and sellers. As a result, you will be able to reach an international audience and increase brand awareness.

Improves Brand Awareness

An eCommerce website is great, but if you want to expand your reach, you must build a mobile app. Taking advantage of B2B marketplace apps will give you the opportunity to reach out to a new market segment and expand your brand awareness. The use of an app allows you to reach out to your target audience more easily.

Improved Engagement

Your physical presence in the marketplace will also benefit from the launch of your mobile app by gaining more visibility in front of customers. Some of the major brands offer customers numerous ways to reach them and buy their products. Hence, having multiple sales channels, such as a physical store, a website, and a mobile app, is key to achieving better sales engagement.

Why Invest in B2B Marketplace App Development Like Udaan?

In today's world, developing such apps is profitable, as they are in high demand. These platforms enable one to reach and target potential customers and reach out to certain sections of society easily.

Top B2B Marketplace Mobile Apps

DeHaat

Agri-tech B2B marketplace DeHaat empowers farmers with full-stack agricultural services. Besides receiving quality inputs, farmers get connected with institutional buyers for selling their produce, and they also receive scientific farming advice to increase productivity.

Bizongo

BIZONGO is India's largest B2B e-commerce & supply chain marketplace. You can find apparel, carry bags, material handling equipment, paper-based products, cartons, bulk packaging, and more on the platform!

IndiaMart

With IndiaMart, e-commerce suppliers and buyers can transact easily and gain mutual benefits. The mission of this B2B marketplace founded in 1999 is to facilitate business transactions.

Fibre2Fashion

Business owners can source textiles & apparel products on Fibre2Fashion and receive marketing assistance. Suppliers, manufacturers, exporters, importers, and trade agents can buy and sell textile, apparel, and fashion products on the platform.

How To Start Your B2B Marketplace Development

Market research

By identifying a market need and businesses' pain points, you will be able to propose a solution for a genuine problem that has not yet been addressed.

Find a B2B marketplace app development partner

Develop a customized B2B marketplace app from scratch by hiring the services of an experienced B2B marketplace app development company like Neetable.

Launch your Minimum Viable Product (MVP)

Getting your marketplace to market early is done with an MVP. It allows you to save time, money, validate hypotheses rapidly, and gain valuable feedback from early app users.

Find your product/market fit

With the launch of your MVP, you'll see if your idea resonates with users. Aside from defining critical features, you'll also determine what features are most wanted and those that can be removed or replaced. As a result, you can focus on providing a fully functional product that achieves product/market fit.

Add additional features

Adding advanced features to your products enhances user experience, creates unique selling points, and increases revenue for your business.

Features You Can Include in Your B2B Ecommerce Platform

Let us have a look at some of the features of a B2B marketplace app.

Sign up and social login

Registering with the application ensures that users' information is stored in the system. It allows users to save their information, such as delivery addresses, payment details, etc., so that they don't have to enter it every time. Users would also find it more convenient to simply sign in with social media accounts and use the data from their accounts to access app services.

In-app scanner

Occasionally, the app might require the user to provide a document to verify his/her identity. The user will have less trouble switching between apps if the app comes with an inbuilt document scanner.

Document Management

There should be an option to create a folder in the app where the user can organize his legal documents.

In-App Chat & Call feature

Integrated chat and calling features are a must for B2B marketplace apps. With this, users are able to make free calls and chat without spending a dime. All they need to use this feature is an internet connection.

Loyalty Programs

What can help to retain users and customers? A feeling of getting a lot for little money, and getting something of value. B2B users should be able to sign up for a loyalty program or any other method to generate interest in the app.

ERP Integrations

It allows users' ERP software to sync and connect with other systems such as CRM and EDI through Enterprise Resource Management (ERM).

Logistic Management

It is a platform that allows sellers to input their logistics and numbers, making it easier for them to manage their logistics and keep track of on-sale products.

AI-Powered Chatbot

This is a customer support feature that fills in the void left by the absence of human interaction. An artificial intelligence chatbot mimics human behaviour and listens or speaks to messages written or spoken by users. The application provides users with information they can use.

Team Required to Develop B2B Ecommerce Apps Like Udaan

Here is a look at the team of experts required to develop an app like Udaan:

• Project manager
• Business Analyst
• UI/UX designer
• Front-end developers
• Back-end Developers
• QA and Testing engineer

Tech Stack Required to Develop A B2B Marketplace Like Udaan

• Mobile App Platform – Android, iOS
• Web Technology – PHP, .Net OR eCommerce Platform like Magento
• Cloud Environment & CDN – Amazon, Cloudflare, MaxCDN
• Payments Gateways – Paypal, Braintree and more
• Push Notification – Twillo, Push.io
• SMS, Phone Verification – Nexmo, Twilio
• Email Marketing – Mail Chimp
• Database Technologies – Datastax, Mongo DB,
• Real-Time Analytics -Apache Storm, Google Cloud DataFlow

How Much Does It Cost to Develop a B2b Marketplace App?

In order for a B2B marketplace app like Udaan to be successful, one must consider several factors. Some of these factors are discussed below:

Depending on your target audience, you can develop the app for either iOS or Android. As a result, the app's price will vary. The price will also vary if you want to launch it across multiple platforms.

• Features also influence the price of an app. The more features you include in the app, the higher its cost.
• The complexity of the application is another factor that determines the cost of an application.
• The geographical location of the b2b marketplace mobile app development company also influences the cost of the app.

Nevertheless, one would have to spend anywhere from $ 25,000 to $ 40,000 to develop an app like Udaan.

Conclusion

Building an online B2B marketplace seems not an easy task. The Covid-19 pandemic has accelerated online marketplace adoption among businesses, forcing B2B buyers and sellers to go digital to stay competitive. Even B2B buyers in stable traditional markets are now more willing to change suppliers because of superior online B2B marketplace experiences. The year 2022 represents a remarkable opportunity to build your own marketplace.

FAQs

How much time will it take to build an app like Udaan?

The development time can vary from six to eight months. This is a basic estimate for developing a B2B marketplace app with simple features. Depending on how complex and how many features you wish to include, the development time will vary.

How much would it cost to develop an app like Udaan?

The cost of developing an app like Udaan can range from $25,000 to $40,000 depending on variables such as features, platform, app complexity, developer location and expertise, etc.

What will it cost to hire a mobile app developer?

Hiring an experienced b2b marketplace mobile app developer can cost from $18 to $25/hour. Cost can vary based on a number of factors. For customized quotes, please reach out to us.