IndiaMART

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IndiaMART.com
Private Company
Industry Internet Marketing
Founded 1996
Founder Dinesh Agarwal, Brijesh Agrawal
Headquarters 7th & 8th Floors, Advant-Navis Business Park, Sector 142, Noida, Uttar Pradesh, India, Noida, India
Area served
Worldwide
Revenue Increase ₹ 225 crore FY2014,(CAGR 35%) [1]
Number of employees
2600
Subsidiaries Tolexo
Slogan Kaam yahi banta hai [2]
Website www.indiamart.com

IndiaMART is an Indian e-commerce company that provides B2C, B2B and customer to customer sales services via its web portal.[3] The group began in 1996 when Dinesh Agarwal founded the website IndiaMART.com,[4] a business-to-business portal to connect Indian manufacturers with buyers.[5][6] The company is headquartered in Noida, India. In 2014, IndiaMART's portal handled 200 crore in revenue[7] and 20,000 crore in sales.[8][9] According to a news in Economic Times, as of 2012 IndiaMART was India's largest online marketplace[10][11] and world's second-largest B2B marketplace after Alibaba.[12][13] IndiaMART's e-commerce portal Tolexo was launched in 2014.

History[edit]

IndiaMART was founded by Dinesh Agarwal[14] as a directory of websites his company InterMESH (which was started in 1996), was developing for customers in the Delhi-NCR region.[15] In 1998, the second office of IndiaMART InterMESH Ltd. was set up in Mumbai and by 1999, the directory had more than 1000 listings.[16]

In early 2009, the firm received ₹ 50 crore Series A round funding from Intel Capital, a part of which was invested in IndiaMART One97 Communications and Global Talent Track. [1][17][18][19] At present, IndiaMART employs more than two thousand employees in the major cities in India. In August 2013, it acquiried the local event discovery app Playcez to focus on the mobile business.[20]

In June 2014, IndiaMART launched Tolexo, an e-commerce platform for SMEs.[21][22] It features industrial and office goods and supplies.[23][24] In November 2014, IndiaMART started promotional campaigns featuring Indian film actor Irrfan Khan as its brand ambassador.[25]

As of 2015, IndiaMART claimed to have 3 million suppliers listed on its website.[26][27]

Awards & Nominations[edit]

References[edit]

  1. ^ a b "IndiaMART targets Rs. 30k cr biz in FY16". Business Line. 22 July 2015. Retrieved 8 January 2016. 
  2. ^ "IndiaMART’s New TVC Featuring Irrfan Khan #AaramKiTune". 21 November 2014. Retrieved 10 January 2016. 
  3. ^ Payal Ganguly (29 June 2015). "IndiaMart ropes in Mudit Khosla to cater to sourcing needs of large companies". Times of India. Retrieved 27 January 2016. 
  4. ^ Disha Sharma (4 January 2016). "Indiamart's Agarwal backs office products portal ProcMart". VCCircle. Retrieved 27 January 2016. 
  5. ^ Varun Jain (16 September 2015). "Indiamart eyes Rs 2,000 cr revenue by 2020". Indiatimes.com. Retrieved 27 January 2016. 
  6. ^ Ankita Rai (17 August 2015). "IndiaMART: Small business means big business". Business Standard. Retrieved 27 January 2016. 
  7. ^ "How Dinesh Agarwal built a Rs 200-crore firm IndiaMart from a seed capital of Rs 40,000". Indiatimes.com. 11 August 2014. Retrieved 27 January 2016. 
  8. ^ "Indiamart aims to facilitate business worth Rs 30,000 cr in FY16". Financial Express. 2 August 2015. Retrieved 27 January 2016. 
  9. ^ "Indiamart aims to facilitate biz worth Rs 30,000 cr in FY16". Business Standard. 2 August 2015. Retrieved 27 January 2016. 
  10. ^ Ashish K Tiwari (6 April 2015). "IndiaMART.com simplifies online search for business users". Daily News & Analysis. Retrieved 27 January 2016. 
  11. ^ "IndiaMART clocks a whopping 60 percent business from its mobile app". Business Standard. 17 December 2015. Retrieved 27 January 2016. 
  12. ^ "How Dinesh Agarwal created the world's second-largest B2B marketplace Indiamart". Indiatimes.com. 27 April 2012. Retrieved 27 January 2016. 
  13. ^ "IndiaMART clocks a whopping 60 percent business from its mobile app". Business Standard. 17 December 2015. Retrieved 27 January 2016. 
  14. ^ "Low cost online marketing catching up among SMEs: IndiaMART". Indian Express. 1 February 2012. Retrieved 27 January 2016. 
  15. ^ PARAMITA CHATTERJEE, RADHIKA P NAIR (7 May 2011). "Warburg Pincus in talks with IndiaMart for Rs 150 crore investment". Times of India. Retrieved 27 January 2016. 
  16. ^ "Indiamart to raise Rs 100cr". Moneycontrol. 21 January 2011. Retrieved 27 January 2016. 
  17. ^ Times News Network (15 January 2009). "IndiaMart.com gets funds from Intel Capital". Times of India. 
  18. ^ "IndiaMart.com gets funds from Intel Capital". Times of India. 14 January 2009. Retrieved 27 January 2016. 
  19. ^ N Sundaresha Subramanian (July 16, 2015). "Rs 1 crore a day is not far away for PE-backed Indiamart". Business Standard. Retrieved 27 January 2016. 
  20. ^ "IndiaMART’s Biztradeshows Acquires PlayCez". 23 August 2013. Retrieved 27 January 2016. 
  21. ^ Sohini Das (7 June 2015). "IndiaMart extends into e-commerce through Tolexo.com". Business Standard. 
  22. ^ Priyanka Pani. "Tolexo.com sets $1-billion sales target". The Hindu. Retrieved 27 January 2016. 
  23. ^ "IndiaMART to invest Rs 100 crore in Tolexo by March 2016". Indiatimes.com. 22 November 2015. Retrieved 27 January 2016. 
  24. ^ Manu P Toms (17 April 2015). "IndiaMART initiates talks with big investors to raise funding for Tolexo". Vccircle.com. Retrieved 27 January 2016. 
  25. ^ IndiaMART ropes in actor Irrfan Khan
  26. ^ Anusha Soni (2 August 2014). "Indiamart prepares to go public next year". Business Standard. Retrieved 27 January 2016. 
  27. ^ "IndiaMART targets Rs. 30k cr biz in FY16". The Hindu. Retrieved 27 January 2016. 
  28. ^ IndiaMART Buy Leads Declared Undisputed Leader of Innovation in Online Space at Manthan Awards 2013 Manthan Award Dec 2013, 2014
  29. ^ Red Herring 100 Asia herring research.com
  30. ^ Indiamart.com among top 3 at Emerging India awards, The Times of India

External links[edit]