Indiamart

IndiaMART and four other Indian markets figure in US Notorious Markets list

IndiaMART, one of the largest Indian e-commerce websites, along with four physical marketplaces in Delhi, Bengaluru, Kolkata and Mumbai have figured in the latest annual edition of the Notorious Markets List of the US. Released by the US Trade Representative (USTR) on Tuesday, the 2022 Notorious Markets List identifies 39 online and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. The Indian markets in the list are IndiaMART, Heera Panna in Mumbai, Kidderpore in Kolkata, Sadar Patrappa Road Market in Bengaluru, and Tank Road in Delhi. "The widespread trade in counterfeit and pirated goods harms the economic security of American workers and undermines our work to craft equitable and inclusive trade policy," USTR Katherine Tai said. "The Notorious Markets List is an important tool that urges the private sector and our trading partners to take action against these harmful practices," she added. According to the

Indiamart Q3 net profit rises 60.6% to Rs 112.8 cr; revenue up 33.6%

Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 60.68 per cent rise in its consolidated net profit to Rs 112.8 crore for the third quarter ended December 31, 2022

Relief to IndiaMART subsidiary Busy Infotech in intellectual property case

Legal action taken against violation of intellectual property rights by Xpert Tricks Softwares & others for commercial gains

IndiaMART InterMESH hits 52-week low; stock slips 43% in six months

Like the preceding quarter, Q1FY23 will also see high costs and margins will be impacted before improving gradually, said analysts.

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

Indiamart to acquire majority stake in Livekeeping for Rs 46 cr

B2B e-commerce company Indiamart Intermesh on Friday said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal

E-commerce firm Indiamart acquires 26% stake in Realbooks for Rs 13.75 cr

B2B e-commerce firm Indiamart on Monday announced acquisition of 26.01 per cent stake in cloud-based account software firm Adansa Solutions for Rs 13.75 crore. As part of the transaction, Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited has acquired shares via a mix of primary and secondary share purchases. "Unlike existing desktop based software solutions which were designed for traditional businesses, the team at Realbooks has consciously designed a cloud first product which makes it appealing for new age businesses. "We believe that this investment complements other initiatives we are taking within this space, and are excited to partner with them for their next phase of growth," Indiamart CEO Dinesh Agarwal said in a statement. Adansa Solutions under the brand name 'Realbooks', offers a cloud based accounting software product for businesses and had turnover of Rs 2.6 crore in financial year 2021.

Indiamart Intermesh to acquire 26% stake in IB Monotaro for Rs 104.2 cr

B2B e-commerce Indiamart Intermesh will acquire 26 per cent stake in industrial e-commerce firm IB Monotaro for Rs 104.2 crore, the company said in a regulatory filing.

IndiaMART invests Rs 91.42 cr, takes stake to 16.53% in Fleetx Technologies

Fleetx.io has raised a total of Rs 145 crore in this round, led by IndiaMART along with participation from existing investors IndiaQuotient and BEENEXT

IndiaMart.com, Delhi's Palika Bazaar figure in 'US Notorious Markets List'

The 2021 Notorious Markets List identified 42 online and 35 physical markets around the world that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.

IndiaMART InterMESH tanks 10%, stock hit fresh 52-week low post Q3 results

The company also announced its participation in the Series B Investment Round of Simply Vyapar Apps Private Limited ('Vyapar'), of Rs 217.6 crore.

B2B e-commerce firm Indiamart Intermesh posts 12% decline in Q3 net profit

B2B e-commerce firm Indiamart Intermesh on Monday posted a 12.4 per cent decline in consolidated net profit to Rs 70.2 crore in the December 2021 quarter. The company had registered a net profit of Rs 80.2 crore in the corresponding period of the last fiscal. Its revenue grew 8.3 per cent to Rs 188.1 crore in the third quarter of FY22 from Rs 173.6 crore in the year-ago period, a regulatory filing said. Indiamart registered a traffic of 259 million and unique business enquiries of 23 million during the third quarter of FY22. Supplier storefronts grew to 7 million, an increase of 10 per cent year-on-year and with a net addition of 5,833 subscribers during the said quarter, paying subscription suppliers grew to 1.56 lakh. "We are pleased to report a good financial performance in this quarter with growth in customers and deferred revenue with healthy margins and cash flows. Growing internet adoption strengthens our value proposition of helping businesses transform themselves to do ...

IndiaMART acquires 26% stake in warehouse mgt firm EasyEcom for Rs 13.35 cr

The investment is in line with IndiaMART's objective of offering various SaaS solutions for businesses

IndiaMART acquires 26.01% stake in EasyEcom, invests Rs 13.3 cr

B2B e-online marketplace IndiaMART said it has invested about Rs 133.5 million via its wholly-owned subsidiary Tradezeal Online Pvt Ltd to acquire a 26.01% stake in EasyEcom.

Indiamart Intermesh acquires stake in M1xchange for Rs 32.4 crore

B2B e-commerce firm Indiamart Intermesh has acquired a stake in trade receivable discounting system services firm M1xchange for Rs 32.4 crore, the fintech firm said on Monday. Indiamart has earlier announced a deal to acquire 7.7 per cent in M1xchange for Rs 32.4 crore and the transaction closes with the fintech firm securing the deal amount. "M1xchange, India's largest TReDS platform, has secured over Rs 324 million in secondary funding from Indiamart Intermesh Limited, in a deal that provided part exit to SIDBI Venture Capital Limited, an early investor in the company," M1xchange said in a statement. SIDBI Venture was the first institutional investor in the company. "SIDBI Venture Capital Limited has partly exited with a return on investment of around 7 times, on the investment made in first tranche in 2015," the statement said. Indiamart founder and managing director Dinesh Agarwal said that this investment is in line with the company's long-term objective of offering various .

HDFC Life, IndiaMART: These 5 stocks can fall up to 10%. Should you sell?

Engineers India, Star Cement and Syngene International too can decline up to 7% in the medium term, indicate charts

IndiaMART InterMESH rallies 22% in 7 days on F&O inclusion

Despite the current 7-day rally, the stock has underperformed the markets by gaining just 6 per cent in the past 6 months, compared to a 16 per cent surge by the S&P BSE Sensex

New F&O entrants in focus; IndiaMart, IEX, Can Fin surge up to 9%

HAL hit a record high of Rs 1,457, up 5.5% on the NSE in intra-day trade today, rising 37% in eight trading days

Indiamart Intermesh arm acquires 26.23% stake in Agillos e-com for Rs 26 cr

The investment shall be in line with the Indiamart Group's long-term objective of offering various Software as a Service (SaaS) based solutions for businesses

B2B e-comm platform Indiamart's Q1 net profit rises 19% to Rs 88 cr

B2B e-commerce platform Indiamart Intermesh on Thursday posted a 19 per cent increase in consolidated net profit at Rs 88 crore for the quarter ended June 30, 2021.