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In July 2019, IndiaMART went public via an IPO of ₹474 crore. [14] [15] IndiaMART became the first online B2B marketplace to go public in India. [16] As of 2019, IndiaMART was the largest Indian B2B marketplace for businesses with about 60% market share, according to KPMG. [16] In 2019, IndiaMART led the Series A funding round in Vyapar. [17]
Indiaplaza was an Indian electronic commerce website. [1] It was one of the pioneers in the online shopping space in India. [2] [3] [4] Earlier known as Fabmart and then Fabmall, the company later acquired US-based online shopping firm Indiaplaza.com and rebranded itself as Indiaplaza.in in India, and as Indiaplaza.com in the United States, which were later merged into a single website.
It mainly operated on the B2B (business-to-business) model during its initial years. Between 2007 and 2010, the site allowed customers to personalize products such as T-shirts, mugs, mouse pads, and others. [11] In 2011, Myntra began selling fashion and lifestyle products and moved away from personalisation.
"My whole family, including my mother and wife, would help with the mailers.”IndiaMART's first tagline was: 'The global gateway to Indian marketplace'. [ 11 ] In 2007–2008 when recession hit the US, Agarwal and his cousin Brijesh decided to pivot the focus from export oriented business to India-focused B2B market and raised $10 million from ...
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 ...
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company.The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.