What is the business model of IndiaMART InterMESH?

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What is the business model of IndiaMART InterMESH?

IndiaMART InterMESH Ltd. is an Indian e-commerce company that provides B2B and customer to customer sales services via its web portal. The group began in 1996 when Dinesh Agarwal and Brijesh Agrawal founded the website IndiaMART.com, a business-to-business portal to connect Indian manufacturers with buyers.

Is IndiaMART B2B or b2c?

IndiaMART is India’s largest online B2B marketplace for business products and services. It is a platform that connects buyers and sellers across borders and time-zones through business solutions.

How does IndiaMART operate?

IndiaMART is India’s largest online B2B marketplace, connecting buyers with suppliers. With 60\% market share of the online B2B Classified space in India, the channel focuses on providing a platform to Small & Medium Enterprises (SMEs), Large Enterprises as well as individuals.

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Is Indian mart profitable?

B2B e-commerce platform IndiaMART on Thursday posted an 18\% per cent increase in consolidated net profit at Rs 82 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 70 crore in the same period a year ago.

What is the business model of Alibaba?

It focused more on trade between businesses. Unlike the usual business-to-consumer approach, Alibaba focuses on being a platform for suppliers to sell products in bulk at wholesale prices to small or medium-sized businesses worldwide, who then resell them for a profit in their domestic markets.

Who is owner of IndiaMART?

Dinesh Agarwal (Apr 1996–)
IndiaMART/CEO

Who are IndiaMART competitors?

IndiaMart growth in subscribers over 2016-2019 Some of its competitors are TradeIndia.com, Alibaba India and ExportersIndia.com.

Is IndiaMART inventory based model?

We develop Inventory based models which offers you the feature of uploading your own Brand/product inventory i.e. being in control of the products that are sold through your website.

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Is IndiaMART for wholesale?

Yes, you can buy products even though you don’t own a company. The majority of suppliers on IndiaMART are manufacturers, wholesalers/ retailers/ traders dealing in bulk orders. However, individual buyers can also connect with suitable suppliers for their requirements.

How can I start selling on IndiaMART?

In order to register for free on IndiaMART, follow the steps given below:

  1. Enter your mobile number & provide OTP.
  2. Select “Sell”
  3. Enter your basic details- Your name, Email Id, City.
  4. Enter your business name.
  5. Add products name you wish to sell.
  6. Specify if you have GST or not.

What is IndiaMART’s business model?

Indiamart is also building product-specific attributes to provide better relevancy to buyers. At the core, Indiamart.com connects suppliers and buyers. The business model involves charging subscription fee from suppliers in exchange for listing their products on our platform.

What are IndiaMART’s revenue streams?

Typically, firms like Indiamart have primary revenue streams (derived from charging customers for value-added services); secondary streams (subscription fees and listing fees); and tertiary revenue streams (advertising and fees for providing links to other sites).

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What is rerevenue model in IndiaMART?

Revenue model is the listing charge for supplier to get verified & confirm lead of the respective product. IndiaMART is ONLY firm that it gives in written about no of leads which they will provide per week which cost supplier 530 per lead.

How does IndiaMART make money?

How Does IndiaMART Earn Money? The company earns revenues through: The sale of subscription packages. These packages are categorized annually and monthly and offer many benefits based on the type of subscription.