Ah..this is really awesome product. Practically there is no way to create Marketplace by using the Woothemes Product Vendors plugin. Product Vendors plugins did not have option to front end submission, option to view product orders, option to change the order status, option to get the order mail, etc.
There is no plugin to create a marketplace except the Dokan. It has almost all the functionality that every marketplace should have.
It seems WCVendors is creating the full fledged marketplace plugin, but there is no time frame for this. As we could not able to create the marketplace using woocommerce, we have only option to try EasyDigitalDownloads Marketplace bundle.
If GPLDL team adds any of the marketplace, that would be great.