News
Want to start a business but afraid of funding winter? Here’s why it can be a blessing in disguise
CNBC TV 18
February 21, 2023
A significant drop from a whopping record $38 billion in startup funding in 2021 to $25 billion in 2022 may have cautioned aspiring entrepreneurs to hold their plans to build their dream businesses just yet. This is especially because securing funding for the initial capital required to get a business going generally comes from VCs (Venture Capitalists). However, Dinesh Agarwal, who started IndiaMART.com (now IndiaMART InterMESH) in 1996, thinks there has never been a greater time than now to start one’s entrepreneurial journey.
Read More….If MSMEs Use Tech To Its Full Potential, Many Issues Can Be Solved: IndiaMART CEO
BW Businessworld
February 20, 2023
In an interview with BW Businessworld, Dinesh Agarwal, Founder and CEO, IndiaMART has said that the access to finance, lack of infrastructure leading to increased operational costs, market, technology, availability of raw materials, skilled labour and information has always remained a big hurdle for Micro, Small and Medium Enterprises (MSMEs).
He said that many things need to be done to educate and assist small business owners especially from emerging markets, around the use of digital means for running and growing their businesses.
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Global Headwinds: India Inc Cautious, Plans Long-Term
BW Businessworld
January 6, 2023
Latest reports emanating from China paint a rather curious picture. Beijing streets are bustling with people, relieved after a draconian zero-Covid system. While the BF.7 Covid strain plays havoc in the country, with its hospitals swamped with elderly and sick, an opaque Chinese system does little to make things easy for the world outside. Unofficial estimates say the number of those dying there may be in thousands, but officially, China plays super censor. On Christmas Day, it said, there were no Corona fatalities.
The world is not taking chances, though. India, in addition to others like US, Italy, Japan, France, has made Covid screening mandatory for arrivals from China. With 90 per cent double vaccination (booster does coverage does remain a point of concern), India’s preparedness for any new variant of Coronavirus is robust.
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IndiaMART launched its new brand campaign, ‘IndiaMART Aur Kya!’
Global Prime News
October 24, 2022
IndiaMART, India’s largest B2B online marketplace, after investing appx INR 9.9 Bn into 14 companies to create a complete ecosystem to run a business online, launched its new tagline —“IndiaMART, aur kya!” Thus, establishing IndiaMART as an obvious choice for all business needs. It carries the essence of how suppliers from 56 industries rest their faith and trust on IndiaMART to flourish to their fullest and compete with the larger enterprises.
Speaking at the launch of the new tagline “IndiaMART Aur Kya”, Dinesh Gulati, COO, IndiaMART said, “MSMEs have always been at the core of IndiaMART’s vision of making doing business easy. Over the years, we have witnessed the various challenges that small business owners face while establishing and running a business all by themselves. Therefore, we have evolved our offerings to provide end-to-end business solutions to enable small businesses at every step of their journey.
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IndiaMART reports YOY Q2 growth of 32%
Economic Times
October 24, 2022
Noida, India, October 20, 2022: IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the second quarter ending September 30, 2022.
IndiaMART reported consolidated Revenue from Operations of Rs. 241 Crore in Q2 FY23, a growth of 32% YoY primarily driven by 25% increase in number of paying subscription suppliers and addition of Rs. 10.8 Crore revenue from accounting software services. Consolidated Deferred Revenue increased by 30% YoY to Rs. 984 Crore as on September 30, 2022.
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INTERVIEW: IndiaMART to remain focused on SMEs, says CEO Agarwal
Informist Media
September 20, 2022
NEW DELHI – When Dinesh Agarwal, founder and chief executive officer of IndiaMART InterMESH Ltd, returned to India from the US 26 years ago, the global e-commerce industry was in its infancy, with giants such as Amazon yet to get a foothold.
As others focused on evangelising the new manner of commerce to individual consumers, Agarwal took a different route, creating an online marketplace where businesses could sell their products such as machinery and electric equipment to other businesses.
During this journey, IndiaMART’s focus on small and medium businesses has been a constant despite the subdued growth and uncertain business nature in this segment.
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IndiaMART aiming for 25% revenue growth in near term, says MD
Informist Media
September 14, 2022
As of June-end, IndiaMart had 7.2 mln suppliers registered on its platform, of which 179,000 were subscription-paying suppliers.
Subscription contributes to over 95% of the company’s revenue from operations. In the year ended March, the company’s revenue per paying subscriber rose 2% on the year to 44,300 rupees.
Meanwhile, IndiaMart is witnessing robust growth in customer additions.
“Typically, customer growth is 15-17% CAGR (compound annual growth rate), but currently the growth is at 23% CAGR. So this year, a large quantum of growth is coming from new customer addition,” Agarwal said.
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IndiaMART to go slow on investment, M&A deals in near term, says MD
Informist Media
September 14, 2022
” In the last two years, we have already met 200 plus companies, and we have invested in 10-12 companies out of that, I think the inflow has decreased now,” Agarwal told Informist.
IndiaMart typically makes small-ticket investments and has investible cash reserves of about 5 bln rupees a year. In the year ended March, however, the company invested about 9 bln rupees in small companies and startups. Of that, it spent 5 bln rupees on acquiring 100% stake in 25-year-old accounting firm Busy Infotech Ltd.
It also invested in a number of companies, including business accounting software companies like Vyapar and RealBooks, and retail intelligence platform Bizom.
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India MSME Summit 2022: After COVID-19, how can MSMEs overcome their existing challenges?
YourStory
June 25, 2022
During a fireside chat at the India MSME Summit 2022, Dinesh Agarwal, Founder and CEO of IndiaMart, discussed how Indian MSMEs can overcome their existing challenges and more after COVID-19.
In this “new normal”, after two years of the COVID-19 pandemic, businesses across the board have had to re-strategise their short and long-term goals to cope with the new realities.
Especially MSMEs had to respond to the challenges at hand, ensure productivity, stay connected and engaged with their workforce, and create value as an organisation.
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SURVIVAL OF THE FITTEST: GET IT FROM INDIAMART
Mint
April 28, 2022
” Our machine learning and artificial intelligence engines tell us how many of the 90 million monthly visitors our marketing teams should call back. We are able to predict this given our two decades of data. Through correlation, we can say which visitor has a realistic chance of making money,” Dinesh Agarwal says.
The company’s analytics engine also helps the sales team identify potential customers who can gain from subscriptions or premium yearly memberships. Product information and recommendations are being chiseled, much like in a B2C e-commerce site. Search solar panels and you get wattage information; look for an electric pump and you are informed whether it’s single or double phase one; type printing press and you get information around maximum printing length.
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Why IndiaMART spent over Rs 900 crore on acquiring startups
YourStory
March 21, 2022
Noida-based B2B marketplace IndiaMART has invested in over a dozen startups since it went public. Here’s a deep dive at what the company looks for in a startup.
Between February and November 2021, “We met about over 200-300 companies, explored various sectors,” Dinesh Agarwal, Founder and Chief Executive Officer of IndiaMART, tells YourStory.
While the Noida-based company had made a few acquisitions earlier, the spree really began last year. Since April 2021, it has spent over Rs 905 crore across 13 deals.
In fact, in the last five months — since October 2021 — it has bought stakes in nine tech startups including Zimyo, Realbooks, IMPL, Fleetx Technologies, Busy Infotech, Simply Vyapar, Legistify, EasyEcom, and M1Xchange.
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Building India’s largest online marketplace: IndiaMART CEO Dinesh Agarwal shares 25-year journey
Prime Ventures | YourStory
March 6, 2022
Dinesh Agarwal, Founder and CEO of IndiaMART, recently appeared in a Prime Venture Podcast to talk about his company’s journey from inception to IPO.
In 1995, when the then Prime Minister PV Narashima Rao declared that the internet had finally arrived in India, Dinesh Agarwal quit his job in HCL America and returned to India. He admitted that he had no idea back then what he wanted to do in India with the internet. However, while searching for potential Indian exporters for whom he could develop websites, Dinesh stumbled upon the idea of building an online B2B marketplace.
Today, IndiaMART’s market capitalisation is over Rs 14,800 crore. In an episode of the Prime Venture Podcast, the IndiaMart CEO talked about how his journey has been strategic and enlightening.
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Inside IndiaMART’s $100 mn bet on nine startups in FY22
Mint
February 26, 2022
” After we got listed in July 2019, we thought of expanding the ecosystem of IndiaMART,” Dinesh Agarwal, co-founder and chief executive officer, IndiaMART told VCCircle in a virtual interaction.
A closer look at the company’s 11 investments shows that it is looking to expand horizontally at a time when competition in the online B2B e-commerce space is heating up from new-age technology companies such as Udaan, Zetwerk, and Moglix among others, which have pocketed significant venture funding over the last three years and are fast expanding in the country.
However, Agarwal noted that IndiaMART is different from the new-age companies and is making investments in startups, not because of competition from them. “I’m not diversifying because I am facing competition there. I’m simply saying that because I generate a good amount of cash, capital allocation is one important aspect that one should always be looking at,” he added.
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IndiaMART Acquires 26% Stake In IB Monotaro; To Focus Beyond Made-To-Order B2B Ecommerce
Inc42
February 24, 2021
After the announcement, shares of IndiaMART InterMESH (the parent company) rose by 2.24% hitting an intraday high of INR 4,930 on NSE
Apart from IB Monotaro, IndiaMART’s recent deals include Busy Infotech, Vyapar, EasyEcom, Mynd Solution, among others
Started 25 years ago by Dinesh Agarwal and Brijesh Agarwal, IndiaMART has a market cap of INR 15,100 Cr on the stock exchanges
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IndiaMART expects collections growth at 20-30 percent as macros improve
The Hindu Business Line
November 8, 2021
Collections stood at ₹223 crore in Q2, up 37% y-o-y
B2B e-commerce marketplace, IndiaMART, is expecting double-digit growth in collections/subscriptions. The firm expects the growth to be in the range of 20-30 percent for FY22 due to improving macroeconomic conditions showing repeat upgrades from subscribers at the premium end.
IndiaMART has a buyer base of 138 million. It operates on a subscription model whereby users pay to list on the marketplaces rather than a commission-based model where revenues for the platform come in on sales made through it.
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Emerging trends that are reshaping the office functionality post Covid-19 pandemic
Economic Times
May 13, 2021
“As we understand that the pandemic is not going to be over soon, so changing the way of working in the organisations is the way forward,” says Dinesh Agarwal, Founder and CEO of IndiaMART InterMESH.
The coronavirus pandemic has adversely affected the entire world in myriads of ways. With no respite in sight, it looks like a bleak time for societies as well as businesses. The global health crisis has put the governments in a catch-22 situation as they do not only need to impose restrictions on movement but also work out a feasible solution to further revive economic activities.
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FROM BY-LANES OF DELHI TO AN IPO AT DALAL STREET | DINESH AGARWAL, INDIAMART
The Podium
March 19, 2021
In this candid conversation, he talks about overcoming loneliness and other challenges of living in a foreign country. However, the two things close to his heart that kept him going were India and computers. The urge to come back to India and start his business kept growing stronger with each passing day. He was so fascinated by the Internet that he made his mind leverage its potential and create something massive out of it. Rest, as they say, is history.
He recalls IndiaMART’s early years when his wife would answer queries from buyers outside India and he would use a simple hack of going to trade fares to build his dataset and generate leads.
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IndiaMART eyeing acquisitions, planning strategic investments
Hindu Business Line
March 4, 2021
Looks to widen the scope of its “ecosystem” and go “beyond buyer-seller discovery and price matches”.
Coming on the back of successful fundraising (QIP) of over ₹ 1,000 crore, B2B e-commerce company, IndiaMART, is eyeing acquisitions and planning strategic investments as it looks to widen the scope of its “ecosystem” and go “beyond buyer-seller discovery and price matches”.
The company plans to strengthen additional services including “payment gateways” – like pay with IndiaMART, receivable management, GST invoicing, accounting services, and conversational commerce across subscribers, that primarily include the small and medium enterprises.
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INTERVIEW: IndiaMart founder Dinesh Agarwal responds to the incoming challenge from JD Mart
Business Insider
November 10, 2020
- IndiaMART has posted a moderate performance for the second quarter of the current financial year.
- In an interview with Business Insider, Dinesh Agarwal, CEO, IndiaMART said that the COVID impact hasn’t completely worn off and also spoke about JD Mart’s launch.
- Agarwal said that one of the biggest differences has been that the lockdown has resulted in a 30-40% growth in their buyer side traction.
Indian Business-to-Business e-commerce platform IndiaMART has clocked in moderate performance for the second quarter of the current financial year. Its revenue from operations rose 4% at ₹163 crore, while its consolidated EBIT stood at ₹77 crore, up 147% on a year-on-year basis.
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Dinesh Agarwal, Founder and CEO, IndiaMART InterMESH Ltd
Indiainfoline
September 8, 2020
Dinesh Agarwal is the founder and CEO of IndiaMART.com, India’s largest online B2B marketplace for small and medium enterprises. Dinesh founded the company in 1996 and since then has steered it to become the world’s second-largest B2B marketplace today.
Prior to taking a plunge into entrepreneurship, he is Computer Engineer from HBTI, Kanpur worked with industry leaders such as HCL Technologies (America), Center for Development of Telematics (C-Dot) and CMC Limited before returning to India. His rich experience spans over 20 years in the field of Internet, Networking & Systems Development and Consulting.
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IndiaMart’s Dinesh Agarwal shares how the profit doubled during the lockdown
Business Insider
July 22, 2020
- The company, which listed nearly a year ago, posted a net profit of ₹74 crore in QFY21, up by 129% from ₹32 crore last year.
- IndiaMART founder Dinesh Agarwal managed to do this even when what his company most depends on couldn’t move due to lockdown- field sales
- In an interview with Business Insider Agarwal shares how the company posted profit even while things were looking bleak in the beginning of April
IndiaMart, one of India’s biggest online marketplaces for businesses, has achieved something that not many other companies have – during the lockdown quarter of April to June, the company has posted over a 100% jump in profits.
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Leader’s Talk: Dinesh Agarwal, Founder & CEO, IndiaMART InterMESH Ltd.
TimesJobs
May 1, 2020
Dinesh Agarwal is the founder and CEO of IndiaMART.com, India’s largest online B2B marketplace for small and medium enterprises. Dinesh founded the company in 1996 and since then has steered it to become world’s second largest B2B marketplace today.
Prior to taking a plunge into entrepreneurship, this Computer Engineer from HBTI, Kanpur worked with industry leaders such as HCL Technologies (America), Center for Development of Telematics (C-Dot) and CMC Limited before returning to India. His rich experience spans over 20 years in the field of Internet, Networking & Systems Development and Consulting.
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How AI is helping IndiaMart fulfill its vision of buyer-supplier matchmaking
Forbes India
April 23, 2020
IndiaMART is a remarkable story in Indian ecommerce. The company clocked Rs 533 crore in profitable revenue in fiscal year 2019—and listed publicly on the stock-markets in June 2019. This is rare for internet companies in India. Throughout the IndiaMART journey, CEO and managing director Dinesh Agarwal has ensured the focus remains on B2B ecommerce.
We serve all kinds of businesses—small, medium or large businesses; Indian as well as international businesses. Today we have about 5.7 million suppliers and about 93 million buyers registered on IndiaMart. We do more than 40 million business matchmakings every month.
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For IndiaMART, No “Adverse” Impact From Coronavirus Epidemic
Inc42
March 4, 2020
- Indian businesses are looking to cut down reliance on sourcing from China
- IndiaMART says Indian sellers and suppliers are seeing more inquiries for medical supplies and electronics
- CEO Dinesh Agarwal said that IndiaMART will be the last company to be affected by coronavirus
The ongoing coronavirus outbreak, which has affected more than 90K people and claimed the lives of over 3,100 people across 77 countries, has slowed down the progress of global businesses. Companies are running out of raw materials, spare parts and the constant supply chain that China has built over the years. Not for B2B ecommerce marketplace IndiaMART.
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IndiaMART Basks In Post-IPO Glory As It Crosses 100 Mn Users Mark
Inc42
February 27, 2020
- Incorporated in 1999, IndiaMART went public in June 2019
- The company has managed to double its user base in 25 months
- CEO Dinesh Agarwal said the company saw 23% YoY revenue growth post IPO
As one of the earlier Indian startups, IndiaMART is already an inspiration for many aspiring entrepreneurs. Incorporated in 1999 by Brijesh Agrawal and Dinesh Chandra Agarwal, Noida-based B2B marketplace IndiaMART went public in June 2019 and gave startup founders some new goals in the process. And since then the company has seen steady growth across markets and segments.
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Magic Book Of Business : Dinesh Agarwal
Outlook
February 15, 2020
Gandhi by Richard Attenborough. It is a story of a man who showed the world that you can revolt against power, without power or violence.
“Travelling clears my mind and gives me a fresh perspective on things. Amsterdam is a favourite destination, for the walks I can take around the city, and Kenya for its wildlife. I also listen to music, especially songs by Mukesh. I have been a fan of his since childhood and still have a collection of his cassettes.”
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DAN e4m Conference: MSMEs are the backbone of the Indian economy: Dinesh Agarwal
E4M
January 24, 2020
At the DAN e4m Digital Advertising Conference, Agarwal, Founder & CEO of IndiaMART, sheds light on the importance of tapping the MSME sector and the adoption of digital among them
In today’s business ecosystem, a majority of global entrepreneurs talk about adopting deep tech such as Artificial Intelligence (AI), Machine Learning (ML), Big Data, Internet-of-Things, etc to become more efficient, gain more user trust, and stand apart from the competition. But Micro, Small, and Medium Enterprises (MSMEs), on the other hand, are generally viewed as slow to the adoption of technology, preferring to do business in the traditional and conventional method. But in fact, one of the biggest change drivers for the MSME lending ecosystem over time has to be digital adoption among the Indian MSMEs.
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From Idea to IPO: How Growth Needs to Evolve at Every Stage
Entrepreneur India
December 7, 2019
Here’s a gripping account by Dinesh Agarwal, Founder and CEO, IndiaMART, of how digitalization has changed MSMEs and how much more still needs to be done to adopt the technology.
My journey began back in my graduation days in the late 80s when working in the US was seen as the ultimate success for an Indian techie. After working for CMC and C-Dot, I joined HCL technologies and moved to the US in 1992. However, the day India announced the launch of the Internet on August 15, 1995, I decided to quit my job with HCL Technologies and move back home to build something of my own.”
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Inc42 UpNext: How Looking Inward Changed Everything For IndiaMART
Inc42
November 19, 2019
To celebrate India’s rising startups, Inc42 is profiling a new soonicorn every Friday in the Inc42 UpNext: Unicorns Of Tomorrow series. For the next few months, we will be speaking to founders and cofounders at these potential unicorns and shining light on their journeys and growth stories. We begin the series with a look at B2B marketplace, IndiaMART.
At the time of the 9/11 terror attacks in the US, IndiaMART, one of India’s first B2B marketplaces, served as a gateway for global customers to buy Indian products. The uncertainty which ripped through international markets posts the terror attack saw IndiaMART’s business slump by more than half.”
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IndiaMART planning new initiatives to combat slowdown in demand
Hindu Business Line
September 30, 2019
B2B e-commerce portal IndiaMART is eyeing a 20-25 per cent growth in turnover this fiscal.
The company, which listed on NSE and BSE in July, is looking to beat the slowdown blues through new additions that include financing options, payment/credit facilitation for buyers and introduction of more brands (including international ones).
According to Dinesh Agarwal, CEO and Founder, IndiaMART InterMESH Ltd continues to be a pre-eminent B2B online marketplace with a deep reach in rural India as well as Tier-III and -IV towns. Moreover, it has set a benchmark for pricing of B2B offerings.
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Online Marketplace Warrior Strikes It Rich
Business World
September 23, 2019
Sound fundamentals like high profitability and scale saw online marketplace IndiaMART emerge a winner in the IPO sweepstakes.
A Twitter user recently wrote about a rumour doing the rounds that “a cow-dung-plated car could be used as a nuclear bunker”. He got an instant reply — “Such a product is already available on IndiaMART!
IndiaMART Founder Dinesh Agarwal likes to quote this Twitter exchange to emphasise the place this online marketplace occupies in India’s consciousness.
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‘Dot-com bust was the best thing that happened to us’
The Times of India
July 22, 2019
Shares of IndiaMART, an online business-to-business marketplace, surged nearly 40% on its BSE debut on July 4. For the firm’s co-founder and CEO, Dinesh Agarwal, 50, the momentous event arrived after a wait of 23 years.
Agarwal, who started the firm in 1996, spoke to TOI about the ups and downs he experienced over the years. From borrowing money from a friend so he could register the the domain name in the US to facing business disruptions after 9/11, Agarwal’s journey is a rare startup story that survived the internet boom and bust.
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Indiamart founder CEO Dinesh Agarwal celebrating a 25% jump in value at listing says Indian e-commerce is a ‘winner takes all’ market
Business Insider
July 4, 2019
When IndiaMart opened its doors for an Initial Public Offering, the founder Dinesh Agarwal was apprehensive – after all, it was the first IPO after the elections with the Narendra Modi government coming back to power – and that too a tech IPO!But in two days, investors subscribed for 36 times the. But in two days, investors subscribed for 36 times the total number of shares on offer. Today, the stock has listed 25% over its issue price.
IndiaMART InterMESH which is the parent company for Indiamart.com – one of the country’s biggest online marketplaces for businesses – is one of the country’s oldest e-commerce ventures that started in 1999.
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The making of IndiaMart from Rs 40,000 to Rs 474 crore IPO
YourStory
June 29, 2019
In this exclusive, in-depth story read how Dinesh Agarwal, Founder & CEO of IndiaMart InterMesh, founded this B2B ecommerce company in the early days of the internet era, how he scaled his business, and what the IPO means for him personally.
There’s a right time and a right place for everything. And for B2B ecommerce marketplace IndiaMart InterMesh, ‘apna time’ has come.
The 23-year-old company that was set up at the height of the dot com boom and went on to survive the bust, launched its Initial Public Offer (IPO) on June 24, 2019, with a price band of Rs 970-973 to raise over Rs 474 crore. The company has offered 48,87,862 equity shares in the issue, which closes on June 26.
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IndiaMART IPO subscribed over 36 times on final day of bidding
The Times Of India
June 27, 2019
New Delhi, Jun 26: The initial public offering of IndiaMART InterMESH, an online marketplace for business products and services, was subscribed 36.16 times on the final day of bidding, Wednesday.
The Rs 475-crore IPO received bids for 9,73,85,775 shares against the total issue size of 26,92,824 shares, according to the NSE data till 1900 hours.
The qualified institutional buyers’ book was subscribed close to 30.83 times, non-institutional investors 62.12 times and retail individual investors 13.37 times, according to merchant banking sources.
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IPO will help take brand to the next level: IndiaMart founder Dinesh Agarwal
Moneycontrol
June 25, 2019
In an interaction with Moneycontrol, Dinesh Agarwal, founder and chief executive officer of the company, spoke about the reasons behind launching an IPO in such a volatile market and the expansion plans of the company.
IndiaMart InterMesh, the first mainboard IPO (initial public offering) in last two months, opened for subscription on June 24 with a price band of Rs 970-973 per share.
In an interaction with Moneycontrol, Dinesh Agarwal, founder and chief executive officer of the company, spoke about the reasons behind launching an IPO in such a volatile market and the expansion plans of the company.
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IndiaMart IPO opens, to raise over Rs 474 crore
Times Now
June 25, 2019
IndiaMart promoters Dinesh Chandra Agarwal have offered 8,52,453 equity shares and Brijesh Kumar Agrawal 5,77,656 equity shares. Put together an aggregate of 1,37,000 equity shares for sale.
New Delhi: B2B e-commerce firm IndiaMart Monday launched its initial public offer (IPO) with a price band of Rs 970-973 to raise over Rs 474 crore. The company has offered 48,87,862 equity shares in the issue, which will close on June 26.
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IndiaMART’s IPO to Open on June 24, Company Offers Shares at Rs 970-973 Each
News18
June 25, 2019
IndiaMART InterMESH is India’s largest online B2B marketplace for business products and services with approximately 60% market share of the online B2B classifieds space in India in fiscal 2017.
IndiaMart InterMESH Ltd, the operator of Indiamart.com, said on Wednesday that the company’s initial public offering (IPO) will be open for subscription from 24 June to 26 June. The company will offer a total of 4.88 million shares of face value of Rs 10 each at a price of Rs 970-973 apiece, according to a report in Livemint.
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From social media sites, fintech companies to start-ups, the industry leaders react on mandate 2019
ET Brand Equity
May 24, 2019
As counting of votes enter the last lap emotions are running high with expectations and anticipation, here’s what the bigwigs of the various industries have to say
With elections results out and NDA all set to take the office with a thumping majority, the emotions of the country are all over the place.
As counting of votes enter the last lap emotions are running high with expectations and anticipation, here’s what the bigwigs of the various industries have to say.
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Biggest Entrepreneurship Conclave in Delhi/NCR was High on Josh!!!
inventiva,
May 21, 2019
Headstart Network Foundation is one of India’s oldest and largest startup ecosystem development organizations. Established in 2007, they have been chasing the vision ‘changing the world with entrepreneurship’ ever since.
A not-for-profit organization, almost entirely volunteer-driven, they have helped numerous startups showcase their offerings and get feedback on their products, facilitated tens of thousands of connections to potential co-founders, customers, vendors, mentors, investors, and employees. They are all in it for the love of building and sustaining communities. Headstart volunteers are a passionate bunch – entrepreneurs, aspiring entrepreneurs and entrepreneurship enthusiasts, with a fervent desire and commitment to being change agents.
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Multi-fold increase in investments in B2B startups
The Asian Age,
May 8, 2019
The Netapp-Zinnov report also found that the newer B2B startups are mostly centered around Bengaluru, Mumbai and Delhi-NCR.
Chennai: After B2C startups, the B2B space is seeing heightened activity. Increased availability of funds has helped the emergence of several new B2B startups, the number of which has grown four times in the past four years. The investments in the space also have shot up multi-fold.
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Brands of India Awards 2019, panel discussion: ‘Brand-building is the result of perseverance’
YourStory
Feb 28, 2019
IndiaMart’s Dinesh Agarwal, Avon Moldplast’s Sushil Kumar Aggarwal, and Urja Packaging’s Sushant Gaur speak on building a brand in India at the first YourStory Brands of India Awards, 2019.
Building a brand involves art, science, and more importantly, working smart, said IndiaMart Founder and CEO Dinesh Agarwal.
He was speaking at a panel discussion at YourStory’s first Brands of India Awards, 2019. The first edition of the awards, in association with the Ministry of Micro, Small, and Medium Enterprises, was held in New Delhi on February 27.
Read More.
एक कंप्यूटर और 40,000 रुपए से बना डाला दिल्ली का ऑनलाइन सदर बाजार, अब है 430 करोड़ का कारोबार
Money Bhaskar,
Jan 21, 2019
दिल्ली का सदर बाजार। उत्तर भारत का सबसे मशहूर थोक बाजार। जहां सुई से लेकर इलेक्ट्रॉनिक्स सामान तक थोक दाम पर मिलते हैं। जहां सैकड़ों नहीं, हजारों कारोबारी रोजाना व्यापार करने आते हैं। इस प्रकार के दूसरे बाजार की परिकल्पना मुश्किल ही नहीं नामुमकिन है। लेकिन एक बीटेक ग्रेजुएट ने मात्र एक कंप्यूटर और 40,000 रुपए की पूंजी से ऑनलाइन सदर बाजार बना डाला। यहां 5 करोड़ से अधिक प्रोडक्ट का कारोबार होता है।
6 करोड़ खरीदार तो 47 लाख विक्रेता रजिस्टर्ड है इस ऑनलाइन थोक बाजार में। इनमें से 10 लाख से अधिकत तो मैन्यूफैक्चरर्स हैं। इस बी2बी (बिजनेस टू बिजनेस) ऑनलाइन बाजार का नाम है इंडिया मार्ट। जहां वित्त वर्ष 2017-18 में 430 करोड़ रुपए का कारोबार किया गया। हम बात कर रहे हैं इसके संस्थापक एवं सीईओ दिनेश अग्रवाल की। जल्द ही वह अपनी कंपनी को स्टॉक मार्केट में लिस्ट कराने जा रहे हैं।
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Global Super Angels Forum makes fresh investments in 5 startups
Economic Times
February 27, 2017
Gurgaon-based startup accelerator Global Super Angels Forum (GSF) has made fresh investments in five startups which constitute its fifth batch for its accelerator programme.
The five startups are, bot-assistant player YellowAnt, artificial intelligence (AI)-driven chatbot solution HeyMojo, deep-learning tech startup Silversparrow, appbased health program Breathe Well-being, and tech-enabled investment platform Oro Wealth:
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List of top, most active 30 angel investors in Delhi-NCR
The Indian Wire
November 22, 2018
Angel investors are at the centre of the booming startups in India. They have been instrumental in helping the startups to take those initial steps in their journey. With the majority of the angel investors coming from an entrepreneur background, they understand the difficulties and hurdles faced by a budding entrepreneur.
Here is a comprehensive list of top 30 angel investors based in Delhi-NCR, helping the entrepreneurs in achieving their goals:
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Powerhouse Ventures leads Series A round in fin-tech startup OroWealth
VC Circle
December 7, 2018
Here’s a gripping account by Dinesh Agarwal, Founder and CEO, IndiaMART, of how digitalization has changed MSMEs and how much more still needs to be done to adopt the technology.
Mumbai-based wealth management startup OroWealth has raised $1.6 million (Rs 11 crore) in a Series A funding round led by US-based venture capital firm Powerhouse Ventures, a company statement said.
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Global Super Angels Forum to invest $1 mn in five startups
VC Circle
November 21, 2017
Startup accelerator-cum-early-stage fund Global Super Angels Forum (GSF) will invest $1 million (Rs 6.5 crore) in five startups as part of the sixth edition of its incubation programme.
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Dinesh Agarwal Came, Saw, Conquered, And Paved The Way For Millions
Be Bold People,
Mar 22, 2017
Prior to founding the well acclaimed website, IndiaMART; one of India’s first web based marketplace for businesses, Dinesh Agarwal was working with HCL Technologies in the US. The concept of the internet had made a huge impression on him while he was still in HCL, and after the government announced the launch of the internet to the public in 1995, he realized the potential it had and immediately flew back to India. Energized to rekindle his entrepreneurial instincts, Dinesh wasted no time in using the internet to bring small and medium sized enterprises (SMEs) together by creating IndiaMART.
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IndiaMART led by Dinesh Agarwal – real pioneer of B2B in India
BrainBuxa,
Mar 6, 2017
Though many people consider B2B business model a new trend which has emerged only in the past few years, very few know that IndiaMart had captured the segment long before it caught the attention of the 20s entrepreneurs of today. We caught up with the founder and CEO of the company, Dinesh Agarwal to know more about his company and its future plans.
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Colors Fireside Interview with Dinesh Agarwal
Kulzy,
Feb 7, 2017
It was a different ball game then altogether. Not just in how you did business, but also what the consumer demands were. At best, compared to today, the consumer was happy limited in his needs. Most importantly, the virtual world was still to disrupt our lives as inclusively as it does today. It was still up for aspirations and experiments, far drawn away from the essentials we know now — speed, accuracy and relevance. Search was yet to become an engine of our lives.
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Union Budget 2017: Taking ease of doing business from India to a ‘digitally healthy Bharat’, says Dinesh Agarwal, Founder and CEO, IndiaMART.com
Financial Express,
Feb 1, 2017
Dinesh Agarwal, Founder and CEO of IndiaMART.com praised the union Budget 2017 by saying that it has laid the foundation of an enterprise and business pro India which according to him are the important factors to boost GDP. “The budget 2017 has laid a foundation of an enterprise and business pro India. Important factors to boost GDP are thought of the Union Budget 2017, he said.”
“Most important elements such as young demographic dividend, skill development, women employability, digital education, transport have been well accounted for. Also, it is reflected that the burden of taxation is more evenly split with all demographies of the society,” he added.
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Dotcom daddies
The Financial Express
Dec 4, 2016
DINESH Agarwal founded IndiaMART as the country’s “first online B2B directory” in 1996. Within a year, it had registered 100 clients on its platform. Today, the number stands at more than 26 lakh suppliers. “Things have changed dramatically for us in the past two decades,” says Agarwal, who started out as a trader in fertilisers before jumping onto the website business in 1996.
I was always inspired by technology: Dinesh Agarwal
Impact Magazine
Dec, 2016
I have always been inspired by technology. During my days in the US, I was motivated by innovations such as the World Wide Web. I remember the first time I saw a colleague searching something online and I was wonder-struck by the possibility of having such vast information at just a click. It was like a Eureka moment for me and changed the course of my life.
IndiaMART, AKTU sign MoU to boost skill development
Business Standard,
August 27, 2016
India’s largest online marketplace IndiaMART and A P J Abdul Kalam Technical University (AKTU) has announced signing of a Memorandum of Understanding (MoU) to promote skill development and equal employment opportunities to the affiliated colleges of the University.
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How Dinesh Agarwal built the Alibaba of India
TechInAsia,
July 19, 2016
It was in 1996 that Dinesh Agarwal started to write the names and addresses of small businesses from his apartment in East Delhi. His wife and parents would help in the stamping and sealing of the thousands of envelopes.
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ऑनलाइन आढ़त का बेताज बादशाह
India Today,
December 16, 2015
अपने सहकर्मियों के बीच डीए के नाम से बुलाए जाते हैं इंडियामार्ट के संस्थापक और सीईओ 46 वर्षीय दिनेश अग्रवाल. नोएडा एक्सप्रेस वे पर नोएडा के सेक्टर 142 में एडवेंट-नेविस नाम की बहुमंजिला इमारत में तीन मंजिलों पर करीब एक लाख वर्ग फुट में फैला है कंपनी का मुख्यालय. इस इमारत में मौजूद 1,200 कर्मचारियों में से कोई भी अपने इस सरल-सहज बॉस से खौफ नहीं खाता. वजह भी तो जानिएः आज तक उन्होंने किसी को निकाला नहीं है. मुश्किल समय में भर्तियां बंद कर दीं, तनख्वाह थोड़ी देर से दे दी लेकिन छंटनी नहीं की…
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Exclusive: The ‘been there, done that’ Man – Dinesh Agarwal
Business Insider,
December 4, 2015
He was in there much before e-commerce was the talk of the town and cash flowed like the Ganges. While they talk of profit in years, he talks in months. While they never saw much of a dotcom burst, his saw several, and survived ’em all. He talks mostly in crores and rupees, not billions and dollars, but welcomes both…
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Lakshya Par Ho Har Waqt Nazar
Dainik Jagran,
October 14, 2015
In an exclusive interview with Dainik Jagran, CEO and Founder, Dinesh Agarwal walks us through his life story and the various challenges he faced in all these years. He further talks about his vision to create the IndiaMART enterprise and how it survived the dot com bust in 2000 and went on to become the country’s largest online marketplace…
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the Market Maker – How Dinesh Agarwal created the world’s second-largest B2B marketplace Indiamart
The Economic Times,
April 27, 2012
The commercial marketplace of Madhu Vihar isn’t exactly a typical location for the headquarters of a successful e-commerce venture. And when you meet 31-year-old Dinesh Agarwal, he turns out to be the exact antithesis of the swish e-entrepreneur you’d expect him to be.
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Netsense survey of dotcom profitability In the middle of the dotcom carnage, Indiamart’s Dinesh Agarwal actually made profits!
Business World,
May 14, 2001
Dotcom Survivors
The past nine months have seen hundreds of high profiled dotcoms across the world bite the dust. But in the midst of carnage, some start-ups have managed to survive- and even flourish. So, which are the dotcoms that actually did things right while their peers were busy burning cash? The first BW-Netsense survey throws up 21 survivors who were marching ahead even as the dotcom carnage was taking its toll of their peers. How we identified these dotcoms- and the lessons one can learn from them…
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Dinesh Agarwal 