What is the process for starting an online marketplace in India, and what are the benefits in the current market conditions?

What is the process for starting an online marketplace in India, and what are the benefits in the current market conditions?

For Starting an online marketplace in India, you need to register a company first. Thereafter you need to open a bank account and a nodal bank account to map your Sellers account for automatically credit of their sales proceeds minus your commission to their account.

You need to register the sellers, promote the website, find the buyers..

PS: This is for standard goods based marketplace.

You also need to register for Service Tax for the Services you are providing to the Sellers.


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