|Headquarters||Noida, Uttar Pradesh, India|
|Founder(s)||Dinesh Agarwal and Brijesh Agrawal|
|Industry||Internet Marketing B2B Marketplace|
|Revenue||INR 403.5 crore FY2018,(CAGR 35%) |
|Subsidiaries||Tolexo 10times |
IndiaMART InterMESH Ltd. is an Indian e-commerce company that provides B2C, B2B and customer to customer sales services via its web portal. The group began in 1996 when Dinesh Agarwal and Brijesh Agrawal founded the website IndiaMART.com, a business-to-business portal to connect Indian manufacturers with buyers. The company is headquartered in Noida, India.
In 2014, IndiaMART's portal handled 200 crore in revenue and 20,000 crore in sales. According to a news in Economic Times, as of 2012 IndiaMART was India's largest online marketplace and world's second-largest B2B marketplace after Alibaba. IndiaMART's e-commerce portal Tolexo was launched in 2014.
India MART was founded by Dinesh Agarwal and Brijesh Agrawal as a directory of the websites that his company IndiaMART InterMESH (which was started in 1996) was developing for customers in the Delhi-NCR region. In 1998, its second office, was set up in Mumbai. By 1999, the directory had more than 1000 listings.
At present, the firm employs more than two thousand employees in the major cities of India. In August 2013, it acquired the local event discovery app Playcez, to focus on the mobile business.
In June 2014, the firm launched Tolexo, an e-commerce platform for SMEs. It features industrial and office goods and supplies. In November 2014, IndiaMART started promotional campaigns featuring Indian film actor Irrfan Khan as its brand ambassador.
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. In March 2016, it raised Series C Funding from Amadeus Capital Partners and Quona Capital. It is claimed that these funds will be used to scale up the activities of IndiaMART and Tolexo. In June 2018 IndiaMART has filled draft papers with SEBI to raise $88.24 million through IPO and list on NSE and BSE exchange.
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