Tag: steel suppliers

Eoxs Disrupts How Manufacturing Buys Steel
Advanced Manufacturing

Eoxs Disrupts How Manufacturing Buys Steel

Rajat Jain has been in the steel industry over a decade, building business solutions. He used to be in sales. “Customers would send faxes on my phone number,” Jain says of the antiquated way steel is still sold in the manufacturing industry. “Because that was frustrating, I spent time in San Francisco to learn the startup way of selling — and ended up creating a marketplace for steel.” Eoxs was born. Jain describes it as being like Airbnb with a 2-sided marketplace matching seller and buyer. But the target? Steel distributors. Eoxs is based in California, but its new warehouse in Detroit already has 100,000 square feet of space with up to $200 million in inventory. Doesn’t sound like a lot for the gigantic manufacturing industry? This marketplace was created in 3 weeks.

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