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Published :
28 jun 2007 Chennai | | |
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MatexNet plans used vehicles exchange
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MatexNet, the first internet-based material exchange
company in the country, is in an expansion mo-de and is
launching used vehicles and surplus retails goods
verticals.
The used vehicles division will be a common e-trading
platform for used vehicle trading, the surplus retail
division will trade in the slow moving, readily
available finished retail goods.
The Bangalore-based company has been in B2B for over a
decade and conducts auctions for products and services
as varied as copper, chemicals, desktops, human hair and
transportation services
Mr Jagannivasan, managing director, MatexNet, said, that
the company had transacted about Rs 1,000 crores
business through the Internet and “we would continue to
explore new opportunities in the e-trading platform.”
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