- Started in 1999, the team went public in 2009. It took some 25 months for IndiaMart to double its user base.
- IndiaMart becomes the 1st B2B marketplace to cross 10 crore users as well as reach a market cap of $1 billion.
While we were in a hurry to reach our respective offices this Monday morning, our made in India B2B marketplace – IndiaMart market cap crossed $1 billion.
We are sure you must be wondering how did IndiaMart’s market cap reach $1 billion? Well, the answer is IndiaMart’s 10 crore user base. Nearly 36% of traffic for the B2B marketplace comes from metro cities and 64% coming from T-I & T-II and smaller towns.
“We have aimed at making IndiaMart a one-stop-shop for all the business needs and have strived for curating a platform that is simple and convenient for millions of MSMEs in India.” – Dinesh Gulati, Chief Operating Officer.
Talking About IndiaMart’s Numbers:
IndiaMart reported a 9% YoY growth in traffic in Q3FY20. A hike of 188 million user base from 173 million. The company also reported a 23% YoY growth in total revenues from operations at ₹165 crore in Q3FY19 due to growth in paid subscribers and higher realization from existing customers.
Numbers Contribute to IndiaMarts’ MarketCap:
MD and CEO Dinesh Agarwal said that inquiries have been pretty much constant in the last 3-4 quarters. Between FY16 and FY19, IndiaMart’s buyer base, traffic, and business inquiries grew at a rate of 80-100%.
IndiaMart’s total income was said to be ₹181 crores, a 23% YoY growth while 3% QoQ growth. 40% of the revenue was contributed by the top 10% paying subscription suppliers.
The net profit witnessed 615% QoQ growth from 9 crores in Q2FY20.
A Short Intro About IndiaMart:
Noida based IndiaMart market cap crossed $1 billion recently was initiated by Brijesh Agarwal and Dinesh Chandra Agarwal.
India’s B2B marketplace now started to get all the attention from media after they announced 10 crore user bases on their platform. With this, quite a few big brands have joined hands with IndiaMart as sellers on their portal. Tata, Jindal, Phillips are to name a few.
With 66 million+ products listed in more than 100K categories ranging from daily groceries to heavy electronics. IndiaMart seller is said to be not less than 6 million.
Summing Up:
It’s not easy to reach $1 billion by market cap. IndiaMarts’ long term vision and never-ending thirst to become the country’s largest B2B marketplace are major contributors to its success.
It’s just the starting of IndiaMart market cap results. We hope to see only an upward mark hitting its market cap. On behalf of Next Big Brand, we congratulate IndiaMart and the team behind it for their phenomenal performance.
