WOGOM, a key B2B player, recently acquired Ckart Online, a division of Creative Newtech Ltd, expanding its e-commerce presence. The acquisition, approved by the WOGOM Board on March 11th, 2024, is a significant move.
The acquisition of Ckart Online by WOGOM aims to broaden its B2B e-commerce presence in India, boosting access to 25+ regions and 8,000+ trade partners with 25+ exclusive brands. This strategic move enhances WOGOM’s offerings, creating added value for customers and partners, strengthening its competitive position and enabling service portfolio expansion.
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. WOGOM will work closely with the Ckart Online team to ensure a seamless transition for all involved stakeholders, once completed.
