IndiaMART
Private Company | |
Industry | Internet Marketing |
Founded | 1996 |
Founder | Dinesh Agarwal, roshan singh |
Headquarters | 7th & 8th Floors, Advant-Navis Business Park, Sector 142, Noida, Uttar Pradesh, India, Noida, India |
Area served
|
Worldwide |
Revenue | ₹ 225 crore FY2014,(CAGR 35%) [1] |
Number of employees
|
2600 |
Subsidiaries | Tolexo, 10times |
Slogan | Kaam yahi banta hai [2] |
Website | www |
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
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]
IndiaMART raises Series C funding, plans to scale Tolexo.com and launch its advertisement platform[28]
Awards and nominations
- Manthan Award 2013 for Buy Leads Under E-Business & Financial Inclusion Category [29][disambiguation needed]
- Red Herring 100 Asia 2008 [30][disambiguation needed]
- Emerging India Award 2008 (second runner-up) [31]
Recent News
Indiamart fire: GDA checking if Raj Nagar building has permit for commercial use[32]
References
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- ↑ IndiaMART ropes in actor Irrfan Khan
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- ↑ IndiaMART Buy Leads Declared Undisputed Leader of Innovation in Online Space at Manthan Awards 2013 Manthan Award Dec 2013, 2014 Archived September 23, 2014 at the Wayback Machine
- ↑ Red Herring 100 Asia herring research.com Archived May 13, 2013 at the Wayback Machine
- ↑ Indiamart.com among top 3 at Emerging India awards, The Times of India
- ↑ Lua error in package.lua at line 80: module 'strict' not found.