IndiaMART

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IndiaMART.com
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 Increase ₹ 225 crore FY2014,(CAGR 35%) [1]
Number of employees
2600
Subsidiaries Tolexo, 10times
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

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

Recent News

Indiamart fire: GDA checking if Raj Nagar building has permit for commercial use[32]

References

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  25. IndiaMART ropes in actor Irrfan Khan
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  29. 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
  30. Red Herring 100 Asia herring research.com Archived May 13, 2013 at the Wayback Machine
  31. Indiamart.com among top 3 at Emerging India awards, The Times of India
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External links