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|Headquarters||Noida, Uttar Pradesh, India, India|
|Founder(s)||Dinesh Agarwal and Brijesh Agrawal|
|Revenue||INR 225 crore FY2014,(CAGR 35%) |
|Slogan(s)||Kaam yahi banta hai |
IndiaMART 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.
IndiaMART was founded by Dinesh Agarwal and Brijesh Agrawal as a directory of the websites that his company 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.
Indiamart fire: GDA checking if Raj Nagar building has permit for commercial use
In August 2016, IndiaMART signed a MOU with Dr. A.P.J. Abdul Kalam Technical University, to promote skill development and equal employment opportunities to the affiliated colleges via pool-campus placement drives.
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