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IndiaMART InterMESH Ltd is an Indian B2B online marketplace, connecting buyers and suppliers.It is headquartered in Noida.The company started its operations in 1996 when Dinesh Agarwal and Brijesh Agrawal founded the website IndiaMART.com, [3] a business-to-business portal to connect Indian manufacturers with buyers.
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
In July 2020, Moglix acquired used machinery ecommerce platform Vendaxo in July 2021 for an undisclosed amount. [5] In November 2021, Credlix, a subsidiary of Moglix, acquired Singapore-based EXIM fintech company NuPhi. [2] In October 2022, Moglix acquired global security and surveillance distribution company’s Indian arm – ADI. [14] [16]
Open Network for Digital Commerce (ONDC) is a public technology initiative launched by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India to foster decentralized open e-commerce model and is led by a private non-profit Section 8 company.
TradeIndia is an online Business to Business (B2B) portal [1] for small businesses based in India and around the globe. The portal was started in 1996 by Bikky Khosla and is maintained and promoted under the flagship company, Infocom Network Pvt. Ltd. [2] The company is headquartered in New Delhi, India, and has branch offices in 35 cities [3] across India.
Indian e-commerce company IndiaMART invested in ProcMart in 2016. [7] After investing Indiamart, the company revenue reached Rs 100 crore. [8] [failed verification] ProcMart raised $10mn series A funding led by Sixth Sense Ventures in 2021. [9] Shashank Naharas appointed as senior vice president, Asia Pacific of ProcMart in May 2022. [10]