Kolkata, Aug 27 - Buyjunction, the goods and services procurement arm of e-commerce company mjunction, is in talks with three foreign firms as part of its bid to foray outside India, a top company official said here Thursday.

'So far, buyjunction was only serving domestic clients. Now we have decided to venture abroad. We are in talks with one company each in Britain, Thailand and Singapore who can be potential buyers,' mjunction managing director Viresh Oberoi said at a media conference here Thursday.

Oberoi said till date, buyjunction has helped clients in procurement of goods and services worth over Rs.10,500 crore from various sectors like steel, cement, fast moving consumer goods and chemicals.

'Special focus will be given to its aggregated rate contract offering, which is based on the principle of consortium buying. It also has plans to cater to more product segments,' he said.

Oberoi said autojunction, mjunction's auto e-commerce portal dedicated to selling repossessed cars from finance companies, would shift to a business-to-customer model dealing with new cars and spare parts from a business-to-business model by the end of next month.