Online marketplace refers to a kind of ecommerce website wherever product and inventory info is provided by multiple third parties, whereas transactions are processes by the marketplace operator. On-line marketplaces have evolved into a driver of latest business for on-line merchants that leverage them as channels for magnified sales. At KIPL on-line marketplaces are the first kind of multichannel e-commerce project initiated nowadays.

Online marketplace websites are one among the leading technologies that think about shopping and commercialism of merchandise.

Open Marketplace Development is divided into 2 broad categories-

1. B2B Applications

   Business to Business applications are those that fully concentrate on the concept of increasing business potential through partnerships.

2. B2C Applications

   Business to customer applications are the having customer ideology of operating. These think about the concept of direct shopping and commercialism between users.