Inside IndiaMART’s Rs 905 crore shopping spree

Whats up Readers,

B2B (business-to-business) marketplace IndiaMART made a robust debut on the bourses three years in the past when its Rs 475 crore IPO was oversubscribed over 36 occasions. Final yr, the corporate raised about Rs 1,070 crore from certified institutional consumers.

With its money reserves full, the corporate began taking a look at enlargement.

However acquisitions are a unique ball sport altogether — particularly for a corporation with a community of over 143 million consumers and seven million+ retailer fronts, facilitating buy-sell transactions spanning over 97,000 totally different classes. 

Between February and November 2021, “We met about over 200-300 firms, explored numerous sectors,” Dinesh Agarwal, Founder and Chief Government Officer of IndiaMart, tells YourStory. 

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