IndiaMART InterMESH Ltd is an Indian

e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

company headquartered in

Noida Noida, short for New Okhla Industrial Development Authority, is a planned city located in Gautam Buddha Nagar district of the Indian state of Uttar Pradesh. Noida is a satellite city of Delhi and is a part of the National Capital Region (NCR) o ...

. It provides B2B and

customer to customer Customer to customer (C2C or consumer to consumer) markets provide a way to allow customers to interact with each other. Traditional markets require business to customer relationships, in which a customer goes to the business in order to purchas ...

sales services via its web portal. a

business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., a ...

portal to connect Indian manufacturers with buyers.

History

IndiaMART was launched in 1996 as a directory of the websites for customers in the Delhi-NCR region by two cousins

Dinesh Agarwal Dinesh Agarwal (born 19 February 1969) is an Indian entrepreneur, founder and CEO of IndiaMART, an online B2B marketplace in India. Early life and education After completing an engineering degree with a specialization in computer science fr ...

and Brijesh Agrawal. At that time India had only 15,000 internet users. By 1999, the directory had more than 1000 listings. After overcoming the dot-com bust, in 2008–09 when the recession hit the US, the company decided to pivot the focus from export oriented business to India-focused B2B market and raised $10 million in

Series A round A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

funding from

Intel Capital Intel Capital is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, so ...

, a part of which was invested in IndiaMART,

One97 Communications One97 Communications (OCL) is the parent entity of leading Indian mobile payments and financial services company Paytm , headquartered in Noida, India. It was founded in 2000 by Vijay Shekhar Sharma. In July 2021, the company filed the offer docu ...

and Global Talent Track. In November 2014, IndiaMART started promotional campaigns featuring Indian film actor Irrfan Khan as its brand ambassador. In March 2016, it raised Series C Funding from

Amadeus Capital Partners Amadeus Capital Partners is a venture capital firm that invests in European high-technology companies, founded by Anne Glover and Hermann Hauser in 1997. It is a member of the British Private Equity and Venture Capital Association and is approved ...

and Quona Capital to scale up the activities of IndiaMART and Tolexo. In 2016 and 2019, IndiaMART invested in

ProcMart ProcMart is an Indian B2B e-commerce and supply chain company involved in procuring and supplying Safety items. Anish Popli is the founder and CEO of the company. The company is headquartered in Noida, Uttar Pradesh, India and has 6 fulfillment cen ...

and Vyapar. In June 2018, IndiaMART filled draft papers with SEBI to raise ₹600 crore through

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

and list on NSE and

BSE BSE may refer to: Medicine * Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle * Breast self-examination Stock exchanges * Bahrain Stock Exchange, Bahrain * Baku Stock Exchange, Azerbaijan * B ...

. In June 2019, IndiaMART went public via an

of ₹474 crore. The issue was oversubscribed by 36 times by the end of the final day of the bidding. IndiaMART became the first online B2B marketplace to go public in India, and the firs
company launch
its IPO in the second tenure of

Modi government The premiership of Narendra Modi began on 26 May 2014 with his swearing-in as the prime minister of India at the Rashtrapati Bhavan. He became the 14th Prime Minister of India, succeeding Manmohan Singh of the Indian National Congress. Modi's ...

. As of 2019, IndiaMART was the largest Indian

platform for businesses with about 60% market share, according to

KPMG KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...

Financials

IndiaMart's revenue registered a 29% CAGR over FY19 to ₹507 crore while it reported a net profit of ₹20 crore in FY19, according to a note from

Angel Broking Angel One Limited, formerly known as Angel Broking Limited, is an Indian stockbroker firm established in 1996. The company is a member of the Bombay Stock Exchange, National Stock Exchange of India, NCDEX, National Commodity & Derivatives Ex ...

. It has zero debt and sizeable cash balance. As of 31 March 2019, the company had 8.27 crore (82.70 million) registered buyers and had 55.5

lakh A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For ex ...

(5.55 million) supplier storefronts in India and expect to maintain a compounded annual growth rate (

CAGR Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. CAGR is not an accounting term, but it is often used to describe some ele ...

) of 29 per cent for the next two years. It handles 97,000 product categories — ranging from machine parts, medical equipment and textile products to cranes, from thousands of towns and cities of India. Agfa HealthCare India, Case New Holland Construction Equipment (India), Hilti India, JCB India and Nobel Hygiene are a few big suppliers on the company's marketplace. IndiaMART had an aggregate of 32.5 crore (325.8 million), 55.2 crore (552.6 million) and 72.3 crore (723.5 million) visits in fiscals 2017, 2018 and 2019, respectively, of which 20.4 crore (204.8 million), 39.6 crore (396.9 million) and 55 crore (550.3 million) were mobile traffic, which is 63%, 72% and 76% of total traffic, respectively. The IndiaMART app has more than 1 crore (10 million) downloads with a 4.7 App rating on

Android Android may refer to: Science and technology * Android (robot), a humanoid robot or synthetic organism designed to imitate a human * Android (operating system), Google's mobile operating system ** Bugdroid, a Google mascot sometimes referred to ...

Awards

IndiaMART Bags Best Business App Award at GMASA 2017

Legal issues

Justdial Justdial is an Indian internet technology company that provides local search for different services in India over the phone, website and mobile apps. Founded in 1996 by V. S. S. Mani, the company is headquartered in Mumbai, India. In addition ...

before the Delhi High Court on allegations of copying website compilations for the proposed JD Mart business-to-business marketplace.

References

External links

*{{url, www.indiamart.com, Official site Online companies of India Internet properties established in 1996 Indian brands Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange