New Delhi, 22 February, 2025: Aksum Trademart Pvt. Ltd., a leading B2B supply chain startup, has reported a remarkable 143% year-over-year revenue growth for FY24, reaching ₹240 crore. The company’s profit before tax surged over 700%, marking a significant milestone in its journey to redefine supply chains with sustainability and accessibility at their core.
Aksum, backed by Inflection Point Ventures (IPV), has expanded into over 40 cities across India, broadening its product portfolio to include polymers alongside steel, scrap, chemicals, and construction materials. Its 600+ unique SKUs and tech-driven procurement automation solutions have streamlined supply chain operations for corporates and MSMEs alike.
“We are ready to build on this momentum in FY25 with continued focus on creating sustainable and efficient supply chains for corporates and SMEs while upholding strong corporate governance,” said Sumit Bhatia, Co-founder of Aksum Trademart.
Sustainability at the Core
Aksum has reinforced its commitment to sustainability by deriving over 50% of its revenue from scrap and secondary steel, helping businesses reduce waste, lower costs, and enhance operational efficiency. This initiative supports a circular economy, offering cost-effective and eco-friendly alternatives to traditional procurement.
Technology-Driven Growth & Financial Strength
Aksum’s digital-first approach has enabled seamless procurement, enhanced vendor-client collaboration, and real-time transparency. The company has also strengthened its financial foundation through partnerships with SBI, HDFC, ICICI, and Yes Bank, offering working capital solutions to its clients.
To uphold transparency and governance, Aksum has appointed Grant Thornton as its statutory auditor, reinforcing trust among stakeholders.
As Aksum steps into FY25, it remains dedicated to leveraging technology, sustainability, and financial inclusion to build an efficient, responsible, and scalable supply chain ecosystem that empowers businesses of all sizes.