WOGOM Acquires Ckart Online for B2B Expansion

WOGOM, a prominent player in the B2B marketplace, recently announced a strategic acquisition of Ckart Online, a business division of Creative Newtech Ltd. The acquisition marks a significant expansion of WOGOM’s presence in the B2B e-commerce realm and was ratified by the WOGOM Board on March 11th, 2024.

The acquisition was undertaken to explore new horizons and increase geographical reach within the B2B e-commerce sector. By acquiring Ckart Online, WOGOM will be able to extend its footprint across India, tapping into more than 25 regions with a network of over 8,000 trade partners, and representing more than 25 exclusive brands. The strategic decision was made to enhance WOGOM’s offerings and add significant value to both existing and new customers and partners. This acquisition is expected to provide WOGOM with a competitive edge in the B2B e-commerce sector and enable the company to expand its portfolio of services and solutions.

Under the Business Transfer Agreement (BTA) between WOGOM and Creative Newtech Ltd., WOGOM has acquired Ckart Online on a slump sales basis.

In a joint statement, Nirav Patel, Founder and CEO, and Ravi Patel, Co-Founder and Director of WOGOM, have expressed their eagerness regarding the acquisition of Ckart Online. The strategic decision reaffirms their commitment to expanding their presence in the B2B e-commerce market and delivering exceptional value to their customers and partners. They look forward to leveraging synergies between the two companies to drive growth and innovation in the industry.

Nevertheless, the acquisition is still subject to regulatory approvals and customary closing conditions. Once completed, WOGOM will work closely with the Ckart Online team to ensure a seamless transition for all involved stakeholders.