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IndiaMART targeting Rs 2,000-crore revenue by 2020, big merchants in focus

  • Online marketplace IndiaMART is looking at bringing more small and
    medium businesses as well as larger merchants on its platform, with an aim to
    garner revenues to the tune of Rs 2,000 crore by 2020.
    • Online marketplace IndiaMART is looking at bringing more small and
      medium businesses as well as larger merchants on its platform, with an aim to
      garner revenues to the tune of Rs 2,000 crore by 2020.
    •  
    • Image result for indiamart
    •  
    • The company, which claims to have 15 lakh suppliers on its platform,
      said it has hit a milestone of one lakh premium customers.
    •  
    • “The 1,00,000 premium customers mark a watershed moment in our
      journey towards becoming an e-marketplace leader… We have recaliberated our
      strategy to enhance our focus on the big business. This will lend a fillip to
      our vision of IndiaMART 2.0,” IndiaMART founder and CEO Dinesh Agarwal
      told the
      Press Trust of India.
    •  
    • “The SME bit of the business will expand to Rs 1,000 crore by 2020.
      At the same time, we have identified 10,000 big businesses that have with us
      and also use our platform regularly. The Big Brands initiative should add
      another Rs 1,000 crore by 2020,” he said.
    •  
    • Agarwal said the seller base on its platform has doubled over the last
      18 months, and the company expects the trend to continue. “There are about
      50 million SMEs in India and very few are online. There is a huge potential in
      the market. We expect our seller base as well as the premium customer base to
      double in the next year and a half,” he added.
    •  
    • Founded in 1996, IndiaMART claims that 3.5 crore products from about 15
      lakh suppliers have been listed, and about one crore buyers visit its platform.
    •  
    • IndiaMART has over 3,000 employees located across more than 55 offices
      in the country, and its existing investors include Intel Capital and Bennett,
      Coleman & Co Ltd.

     

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