RV ENTERPRISES was founded in 2016 by Mr. Vickram Singh founder and Mr. Ramesh Rao, a co-founder who came together to understand the needs of the global B2B industry on the global market and to link the international B2B industry with Indian small-medium enterprises suppliers in India to the world on the virtual market by providing an accessible online platform with the essence of superior prices.
Mr. Vickram Singh is a Christ University Bangalore MBA Finance Graduate. The curve of his experience includes his tenure in different industries (Multinational Corporates). In various sectors, the Vickram Singh Association also provided him with experience, trust and fuelled his idea of starting his own company.
The Co-founder Mr. Ramesh is an MBA Marketing Graduate from Jaipur, who has rich experience in banking domain and his association with top banks, he have honed his skills to head partial marketing and purchases in R V Enterprisess.
Through the observation of the founders in a small town in Rajasthan, they ultimately found the knowledge that there were many households who made beautiful art and crafts that worked hard at the ground level and were enjoyed by big-time traders or middlemen at the end of their payments. The exposure of the founders brought a thought into their heads as this was still a very big problem in everyday life and they instigated the concept of this start-up as they wanted to take the step-by-step approach and provide practical analysis, so they decided to start up a business with a single product model that they were promised and were confident it would work very well.
As a result, the founders came up with a solution by creating an understanding need for the B2B industry in the global market and connecting them to suppliers of Indian Small Medium Enterprises by creating an online marketplace as an accessible virtual market, building confidence, providing them with certainty, providing them with the best services and yet not losing superior quality essence.
The company operated according to the requirements of its foreign customers during the start-up and provided help to its suppliers back at home who had missed the right channel and at the same time promoted goods manufactured in India.
RV ENTERPRISES development began with very little funds to run its day-to-day expenses and supply orders to business customers, founders earned an advance without turning back after 5 months and because of this, they had to ensure that their first order was delivered with the highest quality on time. After that, they met common friends and all sorts of contacts who took this idea and explained it to them, but because everyone knew that it was risky on an international market, but somewhere here or there was a dim light, they just needed to keep trying and that what happened and they found an angel for initial support, for a reason they are called angels and he helped them with the investment.
For RV ENTERPRISES to be successful, the key things they learned were not that it was necessary to get customers on board, but how to keep them, and how to continue working with them across their network by linking them to the local supply. The SMEs/MSMEs only needed to become globally conscious, globally visible, and globally competitive, and ensure that they had all end-end solutions for customers.
Five months later, after RV Enterprises was founded in October 2016, the growth path started when the founders began searching for customers to serve and their main target was to serve international customers when they received their first order in almost 5 months (all these days talking, speaking with several people and finally having our first customer on board). In countries like Egypt & Vietnam, the service satisfaction encountered by this first client helped them to create goodwill for RV Enterprises. After that, until today, their firm was able to spend zero on social advertising.
The founder’s company biggest first challenge that they faced of course was lack of clients within the first 5 months and also the founder’s assumption when they were starting the company which was that the B2B global market and small-medium enterprises at our end was desperately in need of a solution which could help both and link suppliers with Multi-products and at the same time concentrating on single products, by creating a brand, trust, and assurance for International customers and that when we came with this portal.
Currently, their company has been able to successfully register more than 100-150 suppliers to supply the foreign market and they have also been able to continue to regularly join suppliers in all industries and multi-product sectors across India. They have also tried to address the company’s problems in their company and have been able to gain reliable goodwill in other countries where they have made customers satisfied and have encouraged customer base satisfaction in countries such as Egypt, Vietnam, Lebanon, Indonesia, and Iraq.
Discussion about this post