L&T-SuFin, a B2B e-commerce marketplace, is on track to reach an annualized Gross Merchandise Value (GMV) of $1 billion by FY26. As of July 2025, the platform has reported a Year-To-Date GMV of $215 million, representing a 2.35 times increase from $91 million in July 2024. Launched in March 2022 by Larsen & Toubro (L&T), L&T-SuFin aims to strengthen B2B trade in India by integrating supply chain and financing solutions.
The platform currently hosts over 50 product categories and 750,000 SKUs, catering to more than 60,000 businesses across the country. It specializes in industrial and construction products and is accessible through desktop, mobile app, and WhatsApp. L&T-SuFin enables MSMEs to procure commodities, consumables, and MRO products via a Request for Quotation (RFQ) mechanism, ensuring transparency and cost-effectiveness.
L&T-SuFin also offers working capital financing for buyers and sellers through financial partners, enabling transaction-specific funding, faster payments, and better liquidity. The marketplace employs a proprietary “TRUST Seal” system, which assesses creditworthiness, business ethics, and reliability of trade partners. Additionally, the platform provides logistics services across 21,000 postal codes in India and has launched its private-label safety products, which have gained significant traction.
The company’s unique model of no working capital, no credit, and no outstanding payments has positioned it as both sustainable and scalable. Bhadresh Pathak, Chief Executive of L&T-SuFin, commented that the company is leveraging L&T’s global presence while preparing for international expansion. D K Sen, Advisor to the Chairman & MD of L&T, added that the platform plays a crucial role in L&T’s Lakshya strategy by expanding new-age businesses and contributing to revenue growth.
With its rapid rise, L&T-SuFin is firmly on course to achieve $1 billion GMV in FY26. The company’s progress is a testament to the growing demand for B2B e-commerce marketplaces in India, and its unique model and financing solutions have positioned it for success in the market. As the platform continues to expand its offerings and services, it is likely to remain a key player in the Indian B2B e-commerce space.