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Posts Tagged ‘ Indiamart ’

Online business goods marketplace Tolexo shuts down retail B2B wing

Thursday, March 16, 2017 | More »

Noida-based IndiaMART InterMESH Ltd is shutting down the retail B2B wing of its online business goods marketplace Tolexo due to flagging sales and underperformance following the government’s demonetisation move, Dinesh Agarwal, the company’s founder and chief executive, told VCCircle. Ag...


B2B online marketplace Tolexo to lay off 300

Online business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiat...

24 February, 2017 | More »


Exclusive: Office supplies e-com startup Zoffio sold to Chinese firm

Online office supplies startup Zoffio.com, founded by the scions of the Kamani family that owns the luxury hospitality brand Zuri Group Global, has been sold to a Chinese firm for an undisclosed amount after operating for nearly three years, a company spokesperson told Techcircle. Zoffio has not bee...

6 October, 2016 | More »


Exclusive: Indian Gifts Portal raises $2 mn from Karamchand group, others

Indian Gifts Portal (IGP) has raised $2 million in the latest round of funding from the family office of Naveen Arya, one of the three promoters of Karamchand Appliances, and Tarun Joshi, the India director of UK-based private equity firm 3i. Karamchand Appliances is best known for its mosquito repe...

4 October, 2016 | More »


Exclusive: Former Snapdeal exec’s B2B e-tail startup DealBerg acqui-hires WeAreGadgets

DealBerg Technologies Pvt. Ltd, an e-commerce platform that caters to businesses, has acqui-hired another online B2B platform WeAreGadgets. The terms of the deal remain undisclosed. Acqui-hiring refers to the buyout of a company mainly for the skills of its staff and not for its products or services...

13 September, 2016 | More »


Exclusive: IndiaMART initiates talks with big investors to raise funding for new B2B e-com property Tolexo

IndiaMART InterMESH Ltd, which runs an online B2B platform for small and medium businesses connecting global buyers with suppliers under the brand IndiaMART, has initiated talks to raise as much as $200 million for its recently launched property Tolexo, which enables online transactions, sources...

17 April, 2015 | More »

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IndiaMART's Biztradeshows acquires Rajesh Sawhney-backed PlayCez

Biztradeshows.com, a subsidiary of online B2B marketplace IndiaMART, has acquired Delhi-based local events discovery engine for an undisclosed amount. The development was first reported by . PlayCez, built on a proprietary, patent-pending technology, mines social media data in real time to provide l...

23 August, 2013 | More »

France’s Carrefour Plans B2B E-commerce Play In India

French retail giant Carrefour, which entered Indian markets in December 2010, has announced that it plans to set up an e-commerce site to reach out to more retailers in the country. The company is working on an IT platform to deliver its cash and carry format through the online medium. Carrefour has...

21 June, 2011 | More »

IndiaMART.com Partners With Korean Agency To Launch Marketplace

B2B E-commerce portal IndiaMART.com and Korea Trade-Investment Promotion Agency (KOTRA) have partnered to launch an online business “matchmaking” platform called ‘Korean Products Pavilion’. It is aimed at connecting micro, small and medium businesses in India to Korean suppli...

24 March, 2011 | More »

We Want to Be B2B Media Than Only A B2B Marketplace

Indiamart.com which began as a query-forwarding service for Indian exporters in 1996 is now the leading online B2B marketplace, generating $1-billion worth of B2B sales annually for its members. It generates 500,000 business enquiries for its members every month, features over 10,00,000 suppliers in...

8 March, 2011 | More »