Pune-based startup Source.One is transforming the industrial raw material procurement landscape in India by digitizing and streamlining the process for over 10,000 manufacturers nationwide. Founded in 2018, the company offers a tech-driven platform that integrates real-time pricing, logistics, and credit facilities, addressing long-standing inefficiencies in the procurement process.
Key Highlights
- Tech-Enabled Platform: Source.One began as a WhatsApp-based ordering service and has evolved into a comprehensive digital platform. Manufacturers can now access live pricing, place orders, track deliveries, and manage credit, all through a single interface .
- Extensive Network: The company has built an integrated ecosystem connecting over 800 suppliers and 600 logistics partners, delivering more than 200,000 metric tons of material annually across all 28 Indian states .
- AI-Driven Logistics: Utilizing AI-based freight modeling and GPS tracking, Source.One optimizes dispatch and delivery planning, reducing turnaround times and enhancing supply chain stability .
- Credit Facilities: To support manufacturers, especially MSMEs, Source.One offers credit options through its platform, facilitating smoother operations and financial flexibility .
- Financial Growth: The company closed FY2023 with a revenue exceeding ₹2,000 crore, reflecting its rapid growth and the increasing adoption of its platform.
- Future Expansion: Source.One plans to extend its services beyond polymers to other chemical supply chains and eventually into commodities like metals and agriculture, aiming to become a one-stop solution for industrial procurement .
Impact on the Manufacturing Sector
By digitizing the procurement process, Source.One addresses key challenges faced by manufacturers, such as inconsistent pricing, unreliable delivery timelines, and limited access to credit. The platform’s comprehensive approach enhances transparency, efficiency, and trust in the supply chain, contributing to the growth and competitiveness of Indian manufacturers .
