Startup Story of Indiamart

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Startup Story of Indiamart

Startup Story of Indiamart – IndiaMart is the second largest B2B marketplace in India. It is an Indian e-commerce company that deals in B2B, B2C, and C2C services. The work of India Mart is online through their website. Dinesh Agarwal and Brijesh Agrawal are the owners of IndiaMart and they have founded this website together.

Startup Story of Indiamart – They both are cousins to each other. They started the website in 1996. Its major is being a business to business portal that helps the businesses to connect with each other. The start up was started with a bootstrap money of Rs 40,000.

The main aim of the platform is to provide a space for the small and the medium businesses to outsource the raw materials for their business. They also have started this so that small and medium wholesalers can get better clients for expanding their work. 

In 2018, India Mart had more than 5.98 crore registered buyers and their platform was registered with more than 5 crore products that was sold by over 45 lakh suppliers from all across the country.

Startup Story of Indiamart

Startup Story of Indiamart
Startup Story of Indiamart

They have their website and also their app. The app is downloaded by over 10 million people. On asking about the success of the business, the founder says, “I want to take the company to the next level.

I have been at it for the last 23 years as a private company. We’ve seen multiple ups and downs, been profitable, made losses, and raised a couple of rounds of private capital.

I think in the next 23 years, I want to see how a public limited company works.” In 2009, IndiaMart raised an undisclosed amount from Intel Capital. $23 Million has been invested in the company by 2009. 

The headquarters of the company is in Noida and they have over 77 branches in the whole country. The three primary sources of India mart platform are direct enquiries about the products, buying leads, and having calls with the buyers.

If you are someone who is looking to buy some products in bulk for your business or for any parties, then IndiaMart is the best option for you. You could get leads from hundreds of suppliers from across the country selling the same stuff at different rates.

Startup Story of Indiamart

Startup Story of Indiamart
Startup Story of Indiamart

Whatever suits you, you could go for that dealer. Also, if you are a wholesale dealer then also you could register on this platform and start selling your products to hundreds of sellers all across the country.

It is the best platform for this. It is an amazing place to increase your business as well. There is a vast catalogue of the products that India Mart has on their website. 

The process of finding any product on IndiaMart is the easiest. All you have to do is register on their platform, start searching some product that you are interested in, get the leads of everyone who is selling those products, have a call or chat with them, if you find the deal good, close the deal, and finalist stuff. 

Read More – Startup Story of Big Basket

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