Thursday, October 3

Tag: B2B marketplace

Indiamart becomes India’s Largest B2B Marketplace, Registered 100 Million Users
News

Indiamart becomes India’s Largest B2B Marketplace, Registered 100 Million Users

Leading B2B marketplace IndiaMART has seen a 10-fold increase in its user base over the past six years to achieve 100 million registered users on the platform. "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," said Chief Operating Officer Dinesh Gulati. Nearly 36 per cent of the traffic on IndiaMART comes from metro cities and the remaining 64 per cent from tier one, tier two and smaller towns. "We have tried to show the masses the digital way of doing business. Going forward, we will keep investing in our platform with the use of voice, vernacular, artificial intelligence and machine learning that will further ease out doing business in India," said ...
Ebix Acquires 67% Stake in Delhi-based B2B Marketplace
ACQUISITION

Ebix Acquires 67% Stake in Delhi-based B2B Marketplace

Ebix Inc has reportedly acquired 67% stake in a Delhi-based B2B marketplace called Routier for trucking logistics. Routier is the first start-up where Ebix has made a strategic investment. Ebix is basically a Nasdaq listed international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. On the other hand, Routier is a cloud-based technology to change the way people move and receive inland goods in India. This particular deal has been taken forward by one of its India-based EbixCash subsidiaries. Routier was founded by Ankur Dahiya and Adwait Vikram Singh who are the first generation entrepreneurs and operating team senior executives. The company expects to revolutionize trucking logistics in the same way taxi logi...