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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.
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. [4] [5]
Moglix is an Indian e-commerce company headquartered in Singapore, established in 2015. [1] It operates in India, the USA, the UK, and Europe. [ 2 ] [ 3 ] [ 4 ] The company is owned and operated by Mogli Labs.
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 ...
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]
In July 2016, Myntra acquired their rival Jabong.com to become India's largest fashion platform. [30] In October 2017, Myntra partnered with the Ministry of Textiles to promote the handloom industry. [31] [32] In April 2017, the company acquired InLogg, a city-based technology platform for the e-commerce sector. [33]
In 2011, Sriharsha Majety and Nandan Reddy designed an e-commerce website called Bundl to facilitate courier service and shipping within India. [6] Bundl was halted in 2014 and rebranded to enter the food delivery market. [7] Majety and Reddy approached Rahul Jaimini, formerly with Myntra, and founded Swiggy in August 2014. [8] [6] [7]
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [3] Snapdeal is one of the top 5 online marketplaces in India. [4] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market. [5]
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