Indiamart.com is an online marketplace for products and services manufactured in India. The site is managed by IndiaMART InterMESH Ltd., a company that offers customer to customer and B2B sales services. Its initial aim was to connect Indian manufacturers with buyers. But as the site has become more popular, it has expanded its services to include B2B and customer-to-customer sales as well. Listed below are some of the products and services offered on the site.
As of March, IndiaMART’s revenues grew 8% year-on-year. The company attributes this growth to an increase of 11% in paying customers. However, the growth in revenue accompanied by a decline in profits for FY21. The company’s recent revenue announcements may be a warning for investors, but if it can keep up the momentum, it is sure to grow rapidly. Here are some of the key takeaways from its recent Q4 earnings report.
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There are many advantages to becoming an IndiaMART member. It allows buyers to compare quotes and purchase products and services in India. Users can also chat with sellers, negotiate prices and mark favorite products for easy reference. Sellers can track their leads through IndiaMART, receive payments, and manage their accounts with ease. And if they’re a start-up or a small business, you can even set up your company profile. There are many options for buyers and sellers to find a product that best meets your needs and budget.
The company started out by offering free listing services to SMEs and eCommerce companies. After that, they would approach these businesses with sales representatives to check their progress. As time went on, they expanded and became a huge e-commerce marketplace. Today, IndiaMART is the world’s second-largest B2B e-commerce marketplace. IndiaMART has a diverse number of revenue models and many different names. And as the company continues to grow, it is set to become the next big thing in eCommerce.