Small and medium enterprises across India are bleeding money through an unexpected source: their routine office procurement processes. According to recent findings, Indian businesses are losing anywhere between ₹50,000 to ₹5 lakh every year due to inefficient and unorganized office supply management.
The Hidden Drain on Indian Business Resources
The problem extends far beyond simple overspending. Most Indian SMEs rely on outdated methods for purchasing everything from stationery and pantry supplies to electronic equipment and furniture. This typically involves maintaining multiple vendor contacts, manually comparing prices, dealing with inconsistent quality, and handling paperwork that consumes valuable employee time.
Research conducted by Yosto, a B2B procurement platform, reveals that business owners spend approximately 10-15 hours monthly managing these procurement activities. When calculated at market salary rates, this time investment alone represents a significant financial drain, not counting the actual monetary losses from poor pricing and inefficient processes.
Yosto's Digital Solution to Procurement Challenges
Enter Yosto, founded by Rohan Khanna and Mohit Jain, which has developed a comprehensive digital platform specifically designed to address these pain points. The platform offers Indian businesses a centralized marketplace where they can access over 50,000 products from verified vendors with transparent pricing and consistent quality.
"The traditional procurement process in India is broken," explains Rohan Khanna, Co-founder of Yosto. "Business owners shouldn't have to waste their productive hours chasing down vendors and negotiating for basic office supplies. Our platform brings efficiency, transparency, and significant cost savings to what has traditionally been a chaotic process."
The platform's impact has been substantial. Early adopters report saving up to 30% on their procurement costs while reducing the time spent on these activities by nearly 80%. This translates to both direct financial savings and improved productivity as employees can focus on core business activities rather than administrative tasks.
Transforming Business Operations Across India
Yosto's solution goes beyond simple cost savings. The platform provides detailed analytics that help businesses understand their spending patterns, identify areas for further optimization, and make data-driven decisions about their procurement strategies. This level of insight was previously unavailable to most small and medium businesses in India.
The company has already served numerous businesses across major Indian cities including Delhi, Mumbai, Bangalore, and Hyderabad. Their client base spans various industries from tech startups to established manufacturing units, all benefiting from streamlined procurement processes.
Mohit Jain, Co-founder of Yosto, emphasizes the broader impact: "When we help a business save ₹2 lakh annually on procurement, that's money they can reinvest in growth, hiring, or innovation. We're not just solving a operational problem – we're contributing to the overall health and competitiveness of Indian businesses."
As digital transformation accelerates across India's business landscape, solutions like Yosto represent the next wave of efficiency improvements for the country's vital SME sector. The platform demonstrates how targeted technology applications can solve persistent operational challenges while delivering substantial bottom-line benefits.
