IndiaMART to raise Rs 100 crore to expand, acquire start-ups

Chennai : Internet Online marketplace monster IndiaMART published today that it has introduced fresh funds and Amadeus Capital started the popular circle with support from Westbridge Capital and the Accion Frontier Formation Capital. Quona Capital handled it in the supplement to Intel Capital and the current investor in the organization, The corporation is thinking about spend in the start-ups in recorded parts such as finch and logistics to further up its development.

IndiaMART to raise Rs 100 crore to expand, acquire start-ups

According to the IndiaMART Founder,Dinesh Agarwal and he said that, which has been concentrating on business to business donations to short and average contractors and it is seeming to grow more than Rs 100 crore following year to increase its offerings to large businesses and new fields of business.

IndiaMART to raise Rs 100 crore to expand, acquire start-ups1

from the source, The money will be utilized for investments into the development of its business contributions to areas which could profit the company’s clients, containing acquiring the post in start-ups that have associated actions.

The organization has grown to Rs 100 crore newly, in a range C funding directed by Amadeus Capital with help from Westbridge Capital and Accion Frontier Formation Fund managed by Quota Capital.

Newly, the business has spent in ProcMart, a business to the business marketplace which supports the users to get attached with proper sellers and a step forward, to get the best three lines on which they can take a choice on, in a pre-series funding.

It requires that approximately 20 million customers passage to three million suppliers by the program for their business demands. It has throughout 100,000 paid clients and expertise into 80,000 stock classes.

IndiaMART Founder,Dinesh Agarwal said also, It has supported a revenue of around Rs 300 crore with a majority of 42 per cent increase from the past year 2015. It is pointing at raising the income to over Rs 2000 crore at 2020.