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Tag: IndiaMart

  • Top Dropshipping Companies in India 2025

    Dropshipping in a country like India is gaining popularity with each passing day. The unmistakable profit potential of dropshipping is tempting people to delve into it. In recent times, numerous companies have been established to meet the requirements of various resellers.

    If a person owns a dropshipping store, he gets deals from some prominent companies, thereby negotiating a reasonable sum of money for their service. Dropshippers can deal with various niches and types of products according to your or the needs of resellers. According to a survey, the dropshipping business in India will grow at a rate of 10% every year.

    What is Dropshipping?
    Benefits of Dropshipping
    Top Wholesale Dropshipping Companies in India

    What is Dropshipping?

    Dropshipping is a form of e-commerce business in which you sell products that you never use. You only purchase these items at wholesale cost after your customer has already paid you at retail cost. You don’t have to worry about fulfillment or inventory issues at all.

    Dropshipping companies are divided into two categories. Companies that connect producers and retailers, such as you, are first-class companies, while companies dealing in various products are second-class. Some of these companies may choose to concentrate on a particular niche like phones, laptops, leggings, jewelry, laptops, and other accessories.

    The dropshipping market size in India is growing rapidly. In 2024, it was valued at around USD 10.8–20.8 billion and is expected to reach USD 67–102 billion by 2030–2033, growing at a CAGR of 22–26%. Fashion is the largest segment, while food and personal care are growing fastest. This growth is driven by rising internet use, smartphones, e-commerce platforms, low investment needs, and supportive digital policies, making it a promising opportunity for entrepreneurs.

    Benefits of Dropshipping

    The Dropship Model
    The Dropship Model

    Dropshipping offers several benefits to online retailers:

    • Low startup costs
    • Convenience and efficiency
    • Eradication of up-front inventory
    • Mobility in running a dropshipping website
    • Wider product selection
    • No shipping

    Unknown Facts About Dropshipping Nobody Tells You About
    Dropshipping is a method for the retail of items in which the retailer acts as a
    middle man. The store does not keeps stocks of products, but transfers the
    orders of their customers to a wholesaler, the manufacturer of the product or
    another retailer and the order is shipped directly to the customer…
    StartupTalkyYash Taneja

    Top Wholesale Dropshipping Companies in India

    S. No. Company Key Focus Headquarters / Origin
    1 IndiaMart Largest B2B marketplace for wholesale & dropshipping Noida, India
    2 TradeIndia B2B platform for suppliers, exporters, and wholesalers New Delhi, India
    3 ExportersIndia Online directory for exporters, suppliers, and buyers New Delhi, India
    4 BaapStore Ready-made dropshipping store solutions India
    5 Cokoon Fashion & apparel dropshipping India
    6 Jim Trade Product directory for B2B & wholesale trade India
    7 Hothaat Lifestyle & fashion product dropshipping India
    8 WebdealIndia Electronics & general dropshipping supplier India
    9 Snazzyway Women’s fashion & lingerie dropshipping India
    10 Shopify Global e-commerce & dropshipping platform Canada
    11 Wholesalebox Wholesale fashion & lifestyle B2B platform Jaipur, India
    12 SaleHoo Global dropshipping supplier directory New Zealand
    13 Meesho Social commerce & reselling platform Bengaluru, India
    14 Seasonsway Clothing & fashion dropshipping India
    15 Modalyst Global dropshipping for fashion & lifestyle USA

    IndiaMart

    Indiamart is undoubtedly the best company that allows suppliers to connect with retailers. It lets consumers negotiate directly with the wholesalers. After signing up on their site, you can have access to wholesale suppliers of different products like furniture, food, jewelry, etc. IndiaMart acts as a platform connecting businesses with potential drop-shippers rather than being a single drop-shipper itself. In addition to this, it is the topmost Indian drugstore drop shipper.

    TradeIndia

    TradeIndia was established in 1996 as a B2B company which helps retailers to connect to wholesalers. This company has done very well, especially in ensuring that dropshippers have access to trusted suppliers. There are lots of suppliers in its database to meet your dropshipping needs. The best part is that it is free to join. Instead of offering its own products, TradeIndia hosts suppliers and manufacturers who handle inventory and shipping while you, the retailer, focus on marketing and sales. They offer a variety of services ranging from general merchandise to pharmaceuticals, with prices varying depending on the product and provider.

    Global Dropshipping Market Size (FY2020 - FY2026)
    Global Dropshipping Market Size (FY2020 – FY2026)

    ExportersIndia

    As the name itself implies, ExportersIndia is a B2B portal where Indian suppliers and manufacturers are connected with resellers from all over the world. Due to the support it has provided to the resellers, this company has received lots of positive reviews over the years. As a reseller, there are lots of benefits to registering with a company like this since it is completely dedicated to dropshipping. The directory enables retailers to access top brands like ACE, MIRAJ, PARAG, and so on.

    BaapStore

    Baapstore

    Another company dedicated to dropshipping is Baapstore. It is one of the first sets of websites for dropshipping, founded some years ago in India. It is a platform to access various types of products that you can take advantage of.

    Baapstore constantly continues to upgrade its services to ensure the best experience for resellers. For example, they have joined forces with leading brands like Speed Post, Aramax, Ecom Express, FedEx, and Delhivery. These partnerships allowed them to deliver items promptly. They also protect customers when products are not compliant with the required standard.

    Cokoon

    Cokoon (Previously Coorgle Dropshipping) is one of the best-automated platforms problems in India, which works in the sector of wholesale dropshipping. The UI of the portal is simple, which allows people to access it quickly and without facing any issues. You can use this if you are into this business for the first time and do not want to face any problems. Retailers who do not like the name of wholesalers everywhere on the product can access this portal and get products without any wholesaler trademark. The company has also acquired Bluember to expand its portfolio and cater to a larger audience. Hence, Cokoon is considered one of the best sites for retailers.

    How to Use Facebook Ads for Dropshipping
    Dropshipping and eCommerce goes hand in hand and have turned out to be gold for
    all those who are now sitting at home. It is one of the best opportunities to
    make money online with your own social media account. One of the fastest ways to
    market is to use Facebook ads manager for dropshipping busine…
    StartupTalkyAvantika Bhardwaj

    Jim Trade

    JimTrade, like TradeIndia, is a B2B portal connecting dropshippers with the best dropshipping suppliers in India. Since its foundation, JimTrade has aimed to broaden the exposure of dropshippers to a vast array of products, providing access to thousands of Indian manufacturing products. It operates as an online directory where manufacturers, exporters, and traders can showcase their offerings to potential buyers, both domestic and international. If you have a fondness for Indian products, exploring this website is a must to discover the best dropshipping suppliers in India.

    Hothaat

    Hothaat, an Indian dropshipping company established in 2012, is among the modern dropshipping outfits in India. It has successfully integrated top features into its website to empower Indian dropshipping suppliers, enabling them to maximize their earnings from marketing endeavors.

    Hothaat is a different company from the others stated above. Also, it is always in search of new and innovative products that dropshippers can sell. A major advantage of working with this company is the support it gives. It ensures that dropshippers don’t have any problem selling products from its platform.

    Beginners guide: How to Start Dropshipping Business in India
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    your own e-commerce store and be the boss of your business. What if I told you you can start your own e-commerce business with low
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    StartupTalkyArbaaz sayed

    WebdealIndia

    Webdealindia functions as one of the best Indian dropshipping companies, operating as an online wholesale marketplace. This implies that manufacturers from India and other countries around the world can display their products. This website has been known over the years to give dropshippers access to premium companies all over the world. It is a website that is very easy to navigate as you can browse by category. It also enables dropshippers to know when manufacturers introduce new products into the market.

    Market Size of E-commerce Industry Across India (FY2014 - FY2030)
    Market Size of E-commerce Industry Across India (FY2014 – FY2030)

    Snazzyway

    Snazzyway Dropshipping, one of the leading dropshipping providers in India, specializes in offering lingerie to dropshippers. You gain access to high-quality bras, panties, bikinis, and more. Over the years, this website has perfected its niche, ensuring that only top-tier fashion lingerie is accessible to dropshippers. With a commitment to offering only the highest standard of fashion lingerie, Snazzyway has become a trusted choice for those in the dropshipping business, ensuring both quality and style.

    Shopify

    Shopify, a leading marketplace, enables you to host and resell products on your eCommerce site. Oberlo, its dropshipping feature, eliminates upfront inventory costs. Shopify stands out for its transparency, profit potential, and excellent support for any delivery issues. It provides a user-friendly platform to manage various sellers and set prices for your products effortlessly.

    Wholesalebox

    WholesaleBox is an Indian B2B platform catering specifically to dropshippers and small retailers. They focus on providing fast-selling products across various categories like clothing, homeware, and accessories, all sourced directly from factories at competitive prices. Their dropshipping model eliminates the need for retailers to hold inventory, as WholesaleBox handles storage, packaging, and shipping once a customer order is placed. This allows businesses to start with minimal investment and scale up quickly. Additionally, WholesaleBox offers credit facilities, website creation tools, and dedicated customer support, making it a comprehensive solution for aspiring entrepreneurs in India.

    How To Use Instagram For Your Dropshipping Business?
    Dropshipping is a method for the retail of items in which the retailer does not
    keep stocks of products, but transfers the orders of their customers to a
    wholesaler, the manufacturer of the product or another retailer and the order is
    shipped directly to the customer from them. Dropshipping has many…
    StartupTalkyYash Taneja

    SaleHoo

    This key player in dropshipping has established its reputation by offering a comprehensive platform for online sellers’ success. With over 8,000 vetted wholesale and dropship suppliers, SaleHoo provides access to 1.6 million popular products at lucrative prices. Noteworthy features include 24/7 support and a supportive online seller community. Additionally, they provide free training to aid in business expansion.

    Top Dropshipping Stores
    Top Dropshipping Stores

    Meesho

    As a leading Indian social commerce platform, Meesho aims to be the go-to for dropshipping. With a mission to onboard 20 million entrepreneurs, it has been backing 2 million resellers and 20,000 manufacturers across 500 towns since its 2015 inception. They typically charge a 10-15% commission on each sale, prioritize an anti-counterfeit policy, and deactivate seller accounts violating their policies. Plus, they provide robust customer support and regular training sessions for sellers’ success.

    Meesho Business Model | How Does Meesho Make Money
    Learn how Meesho makes money with its unique 0% commission model. Explore Meesho’s business model, revenue streams, and how it empowers small sellers.
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    Seasonsway

    Seasonsway, a highly dependable dropshipping company, stands out by collaborating with some of the world’s leading brands. With Seasonsway, you can buy products at affordable rates and have the flexibility to set your own selling prices. The company offers comprehensive support, taking care of the entire process from storage to packaging and shipping. This means you only need to focus on taking orders from your customers while Seasonsway handles the logistical aspects. In essence, Seasonsway takes away the stress of investing in and storing inventory, streamlining the entire order delivery process for your convenience.

    Modalyst

    Modalyst mainly sells jewelry and hair accessories, including hair extensions and clothes. Since India is famous for its gold, Modalyst becomes a perfect partner if you want to dropship jewelry in India.

    It connects easily with Alibaba, BigCommerce, Wix, and Shopify. Once set up, the system automatically sets your product prices, shows your profit margin, capital cost, and final sale price.

    After an order is placed, you’ll also get a tracking number that you can share with your customer to keep them updated.

    FAQs

    What is Dropshipping Business?

    Dropshipping is an online retail business where you act as an intermediary. You don’t need to keep products in stock. When a customer orders, you buy the product from a supplier who ships it directly to the customer. You earn a profit on the difference between the selling price and the supplier’s cost.

    Why is Dropshipping important?

    Dropshipping is a low-investment, inventory-free business that allows you to sell anything, anywhere, anytime, and earn a passive income.

    How to do dropshipping in India?

    Starting a dropshipping business in India involves 5 key steps:

    1. Find a niche and products
    2. Source reliable suppliers
    3. Set up your online store
    4. Market your store
    5. Provide excellent customer service

    Does dropshipping work in India?

    Dropshipping can work in India with the right products, marketing, and reliable suppliers, but it’s not a guaranteed quick-fix or get-rich-quick scheme.

    Which are the best dropshipping platforms in India?

    Top dropshipping platforms in India include Shopify, Meesho, IndiaMART, WholesaleBox, and SaleHoo, each offering strengths like niche-specific products, easy store setup, or COD integration.

  • IndiaMART Q1FY26 Revenue Up 12%, Net Profit at INR 154 Crore

    • Increase in standalone revenue at Rs. 346 Crore, representing YoY growth of 10%
    • The net profit for the quarter stood at Rs. 154 Crore, representing a margin of 33%.
    • Consolidated Revenue from Operations of Rs. 372 Crore, YoY growth of 12%
    • Standalone EBITDA at Rs. 135 Crore, representing an EBITDA margin of 39%
    • Consolidated Cash generated from Operations of Rs. 161 Crore

    IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”) today announced its financial results for the first quarter ending June 30, 2025.

    Consolidated Financial Highlights (Q1 FY2026)

    IndiaMART reported consolidated Revenue from Operations of Rs. 372 Crore as compared to Rs. 331 Crore in the corresponding quarter of last year, representing a growth of 12%. This includes IndiaMART Standalone Revenue of Rs. 346 Crore, representing YoY growth of 10% and Busy Infotech Revenue of Rs 25 Crore. 

    Collections from Customer grew to Rs. 430 Crore for the quarter, representing YoY growth of 17%, primarily comprising of Standalone Collections of Rs. 374 Crore representing YoY growth of 10% and Busy Infotech Collections of Rs 53 Crore.

    Deferred Revenue as on June 30, 2025 increased to Rs. 1,735 Crore representing a YoY growth of 18%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,628 Crore and Busy Infotech Deferred Revenue of Rs. 101 Crore. 

    Net Profit for the quarter was Rs. 154 Crore representing margin of 33%. Cash Flow from Operations for the quarter was Rs. 161 Crore. Cash and Investments balance stood at Rs. 2,762 Crore as on June 30, 2025.

    Standalone Financial Highlights (Q1 FY2026)

    Standalone Revenue from Operations increased to Rs. 346 Crore as compared to Rs. 315 Crore last year representing a growth of 10%. The growth was primarily driven by improvement in realization from paying suppliers.

    Collections from Customer grew to Rs. 374 Crore for the quarter representing a YoY growth of 10% and Deferred Revenue as on June 30, 2025 increased to Rs. 1,628 Crore representing a YoY growth of 15%. 

    EBITDA for the quarter was at Rs. 135 Crore representing margin of 39%. Net Profit for the quarter was Rs. 166 Crore.  

    Operational Highlights (Q1 FY2026)

    IndiaMART registered Unique business enquiries of 29 million in Q1 FY26, representing a YoY growth of 17%. Supplier Storefronts grew to 8.4 million, an increase of 6% YoY and paying suppliers at the end of the quarter were 218K, representing net addition of 1.5K. 

    Commenting on the performance, Mr. Dinesh Agarwal, Founder & CEO, said, “We continue to build on our growth momentum, underpinned by healthy increase in revenue, deferred revenue and cash flows. Our focus remains on strengthening the platform, enhancing user experience for both buyers and suppliers, and improving our offerings in line with the evolving needs of businesses. Backed by a robust business model and growing digital adoption, we are confident in our ability to drive sustained, long-term profitable growth while delivering greater value to all stakeholders.”

    (Figures in crores, unless otherwise stated)

    Particulars

    Standalone

    Consolidated

    Q1FY26

    Y-o-Y

    Q-o-Q

    Q1FY26

    Y-o-Y

    Q-o-Q

    Total Income

    431

    18%

    (11%)

    465

    21%

    0.1%

    Revenue from Operations

    346

    10%

    3%

    372

    12%

    5%

     

    EBITDA

    135

    15%

    1%

    134

    12%

    2%

    EBITDA Margin (%)

    39%

    36%

    Other Income

    84

    67%

    (43%)

    92

    74%

    (15%)

    Profit Before Tax

    215

    33%

    (22%)

    204

    35%

    (7%)

    Profit Before Tax Margin (%)

    50%

    44%

    Net Profit for the period 

    166

    34%

    (28%)

    154

    35%

    (15%)

    Net Profit Margin (%)

    39%

    33%

    Collections from Customer

    374

    10%

    (26%)

    430

    17%

    (21%)

    Cash flow from Operations

    144

    16%

    (47%)

    161

    18%

    (41%)

    Deferred Revenue 

    1,628

    15%

    2%

    1,735

    18%

    3%

    Cash and Investments 

    2,577

    20%

    (5%)

    2,762

    19%

    (4%)

    Paying Suppliers (In ‘000)

    218

    1%

    1%

    –

    About IndiaMART

    IndiaMART is India’s largest online B2B marketplace for business products and services. IndiaMART makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement solutions. IndiaMART provides ease and convenience to the buyers by offering a wide assortment of products and a responsive seller base while offering lead generation and, lead management to its sellers.

    IndiaMART: The Success Story of a Leading B2B E-commerce Company in India | Founder | Business Model | Revenue Model | Net worth
    Indiamart is a leading B2B e-commerce company in India. Know about Indiamart’s business model, founder, revenue model, net worth, owner, competitors, logo, revenue, financials, shareholding, and more.
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  • IndiaMART: The Success Story of a Leading B2B E-commerce Company in India

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

    Faster, stable, and more efficient internet is a major factor behind the rise of many startups. However, some startups were pure visionaries, established way before this modern internet connectivity. IndiaMart was one of such startups that were conceived of before the internet became such easily available and accessible as it is today.

    When IndiaMART company was founded by the cousins Dinesh Agarwal and Brijesh Agrawal in 1996, the internet was far from being a household term in India. The IndiaMART founders could very well visualize the revolution that India was about to see with better internet connectivity. Starting with a capital of just Rs 40,000, today IndiaMART is India’s largest and the world’s second-largest B2B e-commerce marketplace.

    So, let’s have a peek into the startup journey of this 25-year-old company, which is making the eCommerce business easy for many individuals, SMEs, and large enterprises.

    Learn about IndiaMART’s history, founders, owners, business and revenue model, founders and team, funding and investors, challenges, competitors, name, tagline and logo, awards, acquisitions, and more.

    IndiaMART – Company Highlights

    Company Name IndiaMART
    Headquarters Noida (Uttar Pradesh)
    Founders Dinesh Agarwal & Brijesh Agarwal
    Industry E-commerce
    Founded 1996
    Parent Organization IndiaMART InterMESH Limited
    Website indiamart.com

    About IndiaMART
    IndiaMART – Founders and Team
    IndiaMART – Startup Story
    IndiaMART – Mission and Vision
    IndiaMART – Name, Tagline and Logo
    IndiaMART – Funding and Investors
    IndiaMART – Shareholding
    IndiaMART – Business and Revenue Model
    IndiaMART – Growth and Revenues
    IndiaMART – Financials
    IndiaMART – Challenges
    IndiaMART – Awards
    IndiaMART – Acquisitions
    IndiaMART – Competitors

    About IndiaMART

    IndiaMART is a leading B2B e-commerce company in India that connects suppliers with buyers. It has around 60% market share in B2B e-commerce along with partnerships with leading brands like Tata, Airtel, Hyundai, Bosch, Canon, and a lot more. It trades almost everything from apparel, and home furniture to electronics, and building equipment. The company provides business visibility and credibility to its buyers and sellers with enhanced trust and experience of 24 years.

    IndiaMart has also ventured into some other sectors, other than being a B2B e-commerce. Operational subsidiaries of India Mart include –

    • Tolexo Online Pvt. Ltd. (TOPL) – Founded in 2014, Tolexo.com was a B2B e-commerce retail and B2B Wholesale platform. In 2017, IndiaMart company announced that it is closing the retail B2B wing of Tolexo.com due to underperformance. Currently, Poora.com (a subsidiary of TOPL) is offering order management services to businesses.
    • Ten Times Online Private Limited (TTOPL) – Founded in 2013, 10times.com is a platform for business event discovery and networking.
    • Pay With Indiamart Private Limited (PWIPL) – Started in 2017, It is a payment gateway that lets sellers collect instant payment from buyers through the Indiamart platform.
    • Hellotravel Online Pvt. Ltd. – Founded in 2009, this platform connects travelers to travel agents.

    IndiaMART – Founders and Team

    Indiamart Founders

    Dinesh Agarwal and his cousin Brijesh Agarwal are the founders of IndiaMART.

    Dinesh Agarwal

    IndiaMART Co-founder CEO Dinesh Agarwal hails from a traditional business family in the Napara district of UP. Agarwal completed his schooling from a Hindi medium school. He then obtained his B.Tech degree in Computer Science & Engineering from Harcourt Butler Technological Institute, Kanpur. Agarwal served in a number of companies before landing a job at HCL for which he needed to move to the US. He was associated with HCL Technologies as a Senior System Analyst before launching IndiaMART. Dinesh also served as a Software Engineer at CDOT Alcatel Research Centre.

    Brijesh Agrawal

    IndiaMART Co-founder and Director Brijesh Agrawal completed his BMS from the University of Lucknow. He then completed his PGDBM from NIILM, after which Brijesh joined Dinesh Agarwal in his venture.

    IndiaMART had around 2,754 employees across different cities in India when last reported in March 2021.

    IndiaMART – Startup Story

    After graduating in software engineering, Dinesh started receiving lucrative job offers. After working in India with different organizations for 5 years, Dinesh went to the US, where he worked with CDOT for 3 Years. He was leading a comfortable life until one day he realized that he was not passionate enough about the work he was doing and had a calling to start something of his own. This made Dinesh return to India in 1996.

    Dinesh was one of the early internet users and realized that the internet can do wonders in promoting businesses, so he decided to build a platform where businesses could display their products through dedicated web pages. Dinesh started the eCommerce business from his flat in Delhi in 1996 as an export marketplace with Brijesh.

    However, finding clients was a difficult task initially for IndiaMART because many businesses were not aware of computers and the internet. They did not know how the internet could help in growing their business. So, they appointed some marketing and sales guys, who could educate the businesses about what the internet could do to them, thereby helping IndiaMart acquire new clients. They also started participating in trade fares held in Pragati Maidan to spread more awareness about their eCommerce business. The first client India Mart received was ‘Nirula’s’ – the famous first food chain in North India. IndiaMart then had to build and maintain Nirula’s website for an annual charge of Rs 32000/-.

    The company initially started by offering free listing services to eCommerce businesses, and once the businesses listed started getting queries from around the world, IndiaMART’s sales representatives used to approach the businesses to report their progress. Once the business was convinced that getting their business listed on IndiaMart was helpful, they started buying paid services and the platform started growing gradually.

    However, in the absence of proper internet-based infrastructure, challenges for the company were many. IndiaMART could not even send e-mails to the businesses regarding the queries these businesses were receiving through IndiaMART, as many businesses did not even have e-mail ids. The IndiaMART team had to take printouts of the queries they received and fax the same to the respective businesses. But despite all the challenges, IndiaMART acquired around 1000 clients till 1999.

    Another challenge appeared before the company with the 9/11 attacks, exports were hard hit due to the tragedy and IndiaMART’s revenue came down by almost 40%. But the team continued its efforts.

    A major turning point came when IndiaMART company shifted focus from export to Domestic market and started serving the eCommerce business within the country. Today over 6 million suppliers are registered with IndiaMART.

    IndiaMART – Mission and Vision

    Indiamart has been founded with a mission ‘to make doing business easy.’ Indiamart is fueled with the vision of retaining its lead in the B2B e-commerce segment in India.

    IndiaMART Logo

    IndiaMart has brought out numerous taglines like “Kaam Yahin Banta Hai” and “Bada Aasaan Hai” till now. ‘The Global Gateway To Indian Marketplace” was the first tagline that IndiaMART recorded.

    IndiaMART – Funding and Investors

    IndiaMart has raised total funding worth $40.8 million over 4 rounds. In June 2019, IndiaMART launched its IPO, which turned out to be one of the most loved IPOs in 2019. As per NSE, IndiaMART IPO cumulatively received bids of 9,66,86,235 equity shares, which is 35.91 times higher than its total issue size of 26,92,824 equity shares.

    Date Stage Amount Investors
    Feb 17, 2021 Post IPO Undisclosed Jefferies, Edelweiss
    June 24, 2019 Venture Round $28.24 Million Elevation Capital
    March 9, 2016 Series C – Amadeus Capital Partners
    Jan 14, 2009 Series A $10 Million Intel Capital
    Jan 1, 2007 Venture Round – Brand Capital

    IndiaMART – Shareholding

    IndiaMART’s shareholding pattern as of May 2019, sourced from Tracxn:

    IndiaMART Shareholders Percentage
    Dinesh Agarwal 31.8%
    Brijesh Agarwal 21.4%
    Intel 12.8%
    WestBridge Capital 5.1%
    Amadeus Capital 5.8%
    Accion 3.8%
    Brand Capital 0.3%
    Other People 3.5%
    ESOP Pool 4.3%
    Other Investors 11.3%
    Total 100.0%
    IndiaMART Shareholding
    IndiaMART Shareholding

    IndiaMART – Business and Revenue Model

    The oldest B2B eCommerce marketplace, IndiaMART operates on a subscription-based model for suppliers. While IndiaMART is totally free for buyers, its main source of revenue is subscription fees received from the sellers, sell of ‘request for quote’ received from the buyers, and the payment facilitation services that it offers. Furthermore, IndiaMART also earns advertising revenue by letting individuals and businesses post advertisements on the IndiaMART app.

    Indiamart- India’s largest marketplace

    IndiaMART – Growth and Revenues

    From starting up when the B2B e-commerce sector was still upcoming to being hailed as the largest operator in the segment, IndiaMart’s success story is itself a testament to the growth it received. Furthermore, IndiaMart is also dubbed as the world’s second-largest online B2B marketplace.

    Here’s a glimpse into the prominent growth highlights of the company:

    • The company boasts a network of over 143 million registered buyers and 6.4 million+ suppliers
    • IndiaMart hosts a whopping collection of 71 million+ products and services
    • It has a staggering 60% market share of the online B2B Classified space in India
    • The B2B giant has further pulled in 259 Mn+ hits on its website and app in the December quarter of 2021
    • IndiaMART recorded opening 52 offices in 52 weeks, which boosted its sales 10X times in a single year
    • IndiaMart has adopted a weekly salary pay disbursal system with an aim to extend a flexible and supportive working environment for its employees. Studied and identified as one of the most critical things that influence an employee, weekly payouts for employees have been practiced in many countries like New Zealand, the United States, Hong Kong, Australia, and more and have yielded successful outcomes.

    IndiaMART – Financials

    IndiaMART InterMESH Limited has demonstrated consistent growth over the past five financial years, with notable increases in revenue and profitability.

    Particulars FY24 FY23 FY22 FY21 FY20
    Revenue INR 1,196.8 crore INR 985.4 crore INR 859 crore INR 756.1 crore INR 707.4 crore
    Expenses INR 910.8 crore INR 756.7 crore INR 463 crore INR 364.1 crore INR 494.4 crore
    Profit/Loss INR 334.0 crore INR 283.8 crore INR 297.6 crore INR 279.8 crore INR 147.4 crore
    IndiaMART Financials
    IndiaMART Financials

    In FY24, IndiaMART’s revenue increased by 21% to INR 1,196.8 crore from INR 985.4 crore in FY23, while profit rose by 18% to INR 334 crore from INR 283.8 crore.

    IndiaMART Revenue Breakdown

    Revenue Source FY24 FY23
    Revenue from Operations INR 1,196.8 crore INR 985.4 crore
    Other Income INR 2,106.1 crore INR 1,805.3 crore
    Total Revenue INR 1,196.8 crore INR 985.4 crore

    The company’s revenue from operations grew by 21% in FY24, reaching INR 1,196.8 crore, up from INR 985.4 crore in FY23.

    IndiaMART Profit/Loss

    Profit Metrics FY24 FY23
    Gross Profit INR 496.6 crore INR 409.2 crore
    Operating Profit INR 454.4 crore INR 371.3 crore
    Net Profit/Loss INR 334.0 crore INR 283.8 crore

    Net profit increased by 18% in FY24, amounting to INR 334 crore compared to INR 283.8 crore in FY23.

    IndiaMART Expenses Breakdown

    Expense Type FY24 FY23
    Employee Benefit Expense INR 5,440.7 crore INR 4,247.4 crore
    Finance Costs INR 89.1 crore INR 81.5 crore
    Amortization & Depreciation INR 364.6 crore INR 310.8 crore
    Other Expenses INR 3,213.5 crore INR 2,927.8 crore
    Total Expenses INR 9,107.9 crore INR 7,567.4 crore

    Total expenses rose by 20% in FY24 to INR 9,107.9 crore from INR 7,567.4 crore in FY23, primarily due to increased employee benefit expenses and other operational costs.

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    IndiaMART – Challenges

    Being a pioneering Indian B2B e-commerce company, IndiaMart had to face numerous challenges ever since it was established back in 1996. From finding clients, spreading internet awareness, and getting them listed online to help them gain a convincing reputation online, IndiaMart has seen its share of challenges.

    Back when IndiaMart was established, emails weren’t much popular so they had to take printouts of the queries and fax them. The 9/11 attack was another roadblock that IndiaMart saw when their exports were hugely truncated, which dragged down the revenues with them.

    Indiamart also faced the backlash of 2012 when the economy slowed down in India.

    IndiaMart company has recently been featured by the United States Trade Representative (USTR) as one of the most notorious markets. The Notorious Market List of 2021 compiled a total of 42 online and 35 physical markets across the world, and all of these markets, according to USTR, are involved in trademark counterfeiting or copyright piracy. The Trade Representative report of the US censured the popular Indian eCommerce platform as the hub of counterfeit pharmaceuticals, electronics, and apparel.

    IndiaMART – Awards

    Here’s a glance at the list of awards and recognitions IndiaMART earned throughout the years:

    • Red Herring 100 Asia Awards 2008
    • Manthan Award South Asia and Asia Pacific 2013 under the ‘E-business and Financial Inclusion’ category
    • ‘Special Contribution Award’ at WASME – Super SME Awards, 2016
    • ‘Best Online Classified Website Award’ at Drivers of Digital Awards, 2016
    • ‘Best Business App Award’ at GMASA 2017 and ‘Best Business App’ at Drivers of Digital Summit & Awards, 2018
    • ‘Best Online Classified Application’ at Drivers of Digital Summit & Awards, 2018
    • ‘Video Content in a Business Website- Special Mention’ at Video Media Awards and Summit 2019
    • India Law Awards 2019 for ‘Technology, Media and Telecommunication In-House Legal Team’
    • “Most Promising Company of the Year” at the CNBC Awaaz CEO Awards
    • ‘Bada Aasaan Hai’ received the ‘Best Video Content in a B2B Marketing Campaign Award’ at the Video Media Awards & Summit, 2020.

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    IndiaMART – Acquisitions

    Indiamart has fully acquired 2 companies to date. The company acquired the accounting platform Busy Infotech for Rs 500 crore on 25 January 2022, before which, it acquired Playcez on 23 August 2013.

    Indiamart company acquired 26% stakes in IB Monotaro, a Japan-based company, that operates in India under the brand name “Industry buying” and is focused on supplying industrial and business products for the eCommerce businesses, as per reports dated February 24, 2022. According to the deal, the popular B2B sales marketplace platform bought 810K shares from Emtex Engineering for a total consideration of Rs 104.2 crore, with an aim to offer an end-to-end commerce experience enablement and thus, serve the B2B businesses of the country.

    Name of the company acquired Date of acquisition Amount
    Busy Infotech January 25, 2022 $66.38 mn
    Playcez August 23, 2013 $2 mn

    IndiaMART – Competitors

    Some of the leading competitors of IndiaMART are:

    Though there are many upcoming e-commerce companies in India, IndiaMART sustains its position with its stronger network and greater years of experience in the e-commerce field.

    FAQs

    What is IndiaMART?

    IndiaMART is India’s largest B2B online marketplace, connecting buyers and suppliers for business trade. IndiaMART wholesale products help businesses connect with suppliers for bulk purchasing.

    When was Indiamart founded?

    IndiaMART was founded in 1996 by cousins Dinesh Agarwal & Brijesh Agarwal.

    What is IndiaMART net worth?

    IndiaMART InterMESH has a market cap or net worth of 127.48 billion as of February 14, 2025.

    Which is Indiamart’s Parent company?

    IndiaMART InterMESH Limited is Indiamart’s Parent company.

    Who are top competitors of Indiamart?

    Some of the top Indiamart competitors are:

    • Tradeindia
    • Yellow pages
    • Exporters India
    • Amazon
    • Flipkart
    • Tradekey
    • Udaan
    • Paytm Mall
    • CafePress

    Who is the CEO of IndiaMART?

    Dinesh Agarwal is CEO of Indiamart.

    Who is Indiamart founder?

    Dinesh Agarwal and his cousin Brijesh Agarwal are the founders of IndiaMART.

    Which type of company is IndiaMART?

    IndiaMART is a leading Indian B2B e-commerce company that connects suppliers with buyers. It has around 60% market share in B2B space.

    Can we sell on IndiaMART?

    You can Register yourself as a seller and start selling to millions of buyers across the world on Indiamart- India’s largest online marketplace. Log in as a Seller to manage your Profile.

    What is IndiaMART business model?

    IndiaMART operates on a B2B marketplace model, connecting buyers and suppliers online. Its subscription-based revenue model allows businesses to list products and gain visibility, while buyers can search and connect for free. The company earns from membership fees, lead generation, and advertising services, making it a high-margin, asset-light business.

    What is IndiaMART revenue model?/ How does IndiaMART make money?

    IndiaMART earns from paid memberships, lead generation, ads, and transaction fees, making it a recurring, high-margin model.

  • IndiaMART Business Model | How IndiaMART Makes Money

    Established in 1996, IndiaMART is a leading online marketplace in India that connects buyers and suppliers, facilitating B2B transactions. It has grown to become one of the largest platforms in the country, offering a user-friendly website and mobile app featuring a wide array of products and services, from industrial machinery to consumer goods. With its headquarters in Noida, IndiaMART also has branch offices in major cities across India, including Mumbai, Bengaluru, and Delhi, enhancing its nationwide reach.

    This article will examine IndiaMART’s business model, exploring how it makes money and showcasing what makes it stand out in the B2B marketplace.

    About IndiaMART
    IndiaMART Business Model
    How IndiaMART Makes Money – Revenue Model of IndiaMART
    IndiaMART Unique Selling Proposition
    IndiaMART SWOT Analysis

    About IndiaMART

    IndiaMART Office
    IndiaMART Office

    Founded in 1996 by Dinesh Agarwal and Brijesh Agrawal, IndiaMART has become India’s leading online B2B marketplace, revolutionizing business connections and transactions. Initially created to connect Indian manufacturers with global buyers, it started as a simple directory for the Delhi NCR region when internet use in India was just 15,000 users. By 1999, IndiaMART had grown to over 1,000 listings.

    During the late 1990s dot-com boom, the platform adapted to support direct buyer-seller transactions and emphasized exports. Offering web page creation for SMEs and later adding lead generation and premium listings, IndiaMART adopted a subscription-based revenue model. Today, it connects 8 million suppliers with 198 million buyers, using AI and machine learning to enhance matchmaking and user experience.

    IndiaMART | Founder| Business Model | Revenue & Growth
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    IndiaMART Business Model

    IndiaMART Business Models
    IndiaMART Business Model

    IndiaMART offers both free and paid services, especially for SMEs. SMEs can register for free and are added to their industry list, with a free website on IndiaMART. Similar to platforms like YouTube and Spotify, users can pay to upgrade their profiles. Premium memberships offer more business options, generating revenue through subscription fees. 

    IndiaMART encountered major challenges during economic downturns, such as the 2007-2009 Global Financial Crisis, which caused a decline in exports. To adapt, the company shifted its focus to the domestic B2B market, strengthening its position within India.

    IndiaMART hosts a vast database of sellers across various industries, making it a key source for diverse products and services.IndiaMART also offers powerful marketing tools, including email marketing, SEO strategies, and social media marketing, to boost sellers’ outreach and engagement. Partnerships with financial institutions, payment gateways, and media companies strengthen IndiaMART’s services and reliability. 

    How IndiaMART Makes Money – Revenue Model of IndiaMART

    IndiaMART Financials - IndiaMART Business Model Explained
    IndiaMART Financials

    IndiaMART employs a multi-faceted revenue model centered on connecting buyers and suppliers in the B2B marketplace.

    Subscription Fees

    One of the primary streams is subscription fees, where suppliers pay for premium memberships that enhance their visibility on the platform. These subscriptions, available on a monthly or annual basis, offer various benefits, including improved search rankings and access to additional features.

    Pay-Per-Lead

    Additionally, IndiaMART operates a pay-per-lead model, allowing suppliers to purchase leads generated from buyer inquiries, which connects them directly with potential customers actively seeking their products or services.

    Advertising Revenue

    Another significant revenue source is advertising revenue, with businesses paying to promote their products or services through advertisements on the IndiaMART website and mobile applications, thereby increasing their visibility to a broader audience.

    Request for Quote(RFQ)

    The platform also offers Request for Quote (RFQ) services, enabling suppliers to pay for access to buyer requests for quotes, and facilitating direct responses to inquiries.

    Payment Facilitation

    Furthermore, IndiaMART has introduced payment facilitation services that enable buyers to securely complete transactions with suppliers, further streamlining the purchasing process.

    IndiaMART has shown impressive financial performance in recent years, underscoring its strong presence in the B2B marketplace. For the fiscal year ending March 2024, the company reported total revenue from operations of ₹1,197 crore. In terms of profitability, IndiaMART achieved a Profit After Tax (PAT) of ₹374.3 crore for FY 2024. Additionally, the operating profit margin was reported at 42.23%, demonstrating effective cost management and operational efficiency that contribute to its overall financial health.

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    IndiaMART Unique Selling Proposition

    IndiaMART’s Unique Selling Proposition (USP) lies in its ability to offer a comprehensive, trustworthy, and efficient B2B marketplace that seamlessly connects buyers and suppliers.

    IndiaMART SWOT Analysis

    Strengths

    • IndiaMART holds over 60% of the market share in India’s B2B listings, making it a leader in the industry.
    • The platform connects 7.9 million+ suppliers with a wide pool of buyers, facilitating varied business interactions and expanding market access.
    • IndiaMART’s revenue reached ₹1,197 crore in FY 2024, a 20.71% increase from the previous year, showing consistent growth.
    • Advanced use of AI and machine learning improves search functions and matchmaking, enhancing user experience and efficiency.
    • The platform generates millions of business inquiries yearly, offering valuable leads that help boost supplier sales.

    Weaknesses

    • IndiaMART’s reliance on India for most of its revenue poses risks during economic downturns.
    • The platform is less strong in consumer services compared to industrial sectors, indicating some market gaps.
    • Competes with major players like Alibaba and TradeIndia, which can affect profit margins and market share.

    Opportunities

    • Expanding into areas like agro and pharma could diversify revenue and attract more users.
    • Increasing digitization among MSMEs creates a major growth opportunity that aligns with IndiaMART’s services.
    • Expanding globally could allow IndiaMART to access more markets and meet international demand for Indian products.

    Threats

    • Economic challenges can reduce buyer spending, affecting transactions on the platform.
    • Adapting to changing data protection and e-commerce regulations requires continuous investment and can be challenging.
    • Fast technological changes mean IndiaMART needs to keep innovating to stay competitive; falling behind could lead to market loss.

    Conclusion

    IndiaMART is a powerful leader in the B2B marketplace, utilizing its vast network, advanced technology, and strong financial results to effectively connect millions of suppliers and buyers. Its unique selling proposition is centered around a comprehensive platform that primarily serves small and medium enterprises (SMEs), equipping them with essential tools for growth and improved market access.

    FAQ

    Is IndiaMART profitable?

    Yes, IndiaMART is profitable, with steady revenue and profit growth despite some quarterly fluctuations.

    How does IndiaMART work for buyers?

    IndiaMART allows buyers to search for products, compare suppliers, and directly connect with sellers. It offers product listings, price quotes, and a secure payment option.

    Who is CEO of IndiaMART?

    The CEO of IndiaMART is Dinesh Chandra Agarwal.

  • Top 10 Dropshipping Companies In India

    The world of e-commerce has seen exponential growth in recent years, and Dropshipping has emerged as a popular business model for aspiring entrepreneurs and established businesses alike. This innovative approach allows sellers to run an online store without the need to maintain an inventory or handle the complexities of order fulfillment.

    Unlike traditional retail businesses, Dropshipping companies don’t maintain physical inventories of the products they sell. Instead, they collaborate with third-party suppliers, purchasing items only when an order is received, and promptly shipping them directly to the customers. This unique approach allows sellers to run an online store without the hassles of inventory management, making it an attractive option for aspiring entrepreneurs.

    If you’ve been contemplating stepping into the realm of dropshipping, you’re onto something promising. With minimal upfront investment, dropShipping businesses in India offer a low-risk avenue to kickstart your entrepreneurial journey. It’s an excellent choice for those who wish to test the waters of e-commerce without being burdened by heavy financial commitments.

    With a plethora of dropshipping companies available in the country, it’s essential to partner with the right one to ensure seamless operations, reliable products, and excellent customer service. To help you get started on the right foot, we’ve compiled a handy list of reliable dropshippers in India. So, whether you’re a seasoned entrepreneur seeking to diversify your product range or an aspiring business owner eager to enter the world of e-commerce, this list will serve as a valuable resource to navigate your way through the exciting world of dropshipping in India. Let’s dive in and explore the possibilities that await!

    Dropshipping Companies In India

    IndiaMART
    TradeIndia
    Meesho
    Jim Trade
    WholesaleBox
    Tradeford
    ExportersIndia
    Webdealindia
    Baapstore
    Hothaat

    What is Dropshipping?

    IndiaMART

    Website www.indiamart.com
    Founded 1996
    Founder Dinesh Agarwal
    Headquarters Noida

    Indiamart - best dropshipping company in india
    Indiamart | Dropshipping Companies In India

    Indiamart, once known primarily as a dominant B2B company with a significant 60% market share, has undergone a transformative evolution, establishing itself as one of the oldest and most trusted Indian dropshipping suppliers. Today, with its extensive network of suppliers across diverse industries, including pharmaceuticals, fashion, furniture, food, and jewelry, Indiamart has emerged as a go-to platform for dropshipping in India. By simply registering on Indiamart, entrepreneurs and businesses can effortlessly connect with reliable suppliers, making the dropshipping process in India both seamless and convenient.

    TradeIndia

    Website www.tradeindia.com
    Founded 1996
    Founder Bikky Khosla
    Headquarters New Delhi

    TradeIndia - top dropshipping company in india
    TradeIndia | Dropshipping Companies In India

    Established in 1996, TradeIndia is a prominent business-to-business dropshipping platform, acting as a vital link between retailers and manufacturers. Like its counterparts, the platform excels in connecting businesses, providing a comprehensive ‘360° digital solution’ to all its enlisted members.

    With TradeIndia, both suppliers and buyers can enjoy peace of mind, thanks to its emphasis on safe and secure transactions and other operational aspects. The platform goes beyond local boundaries and aids buyers in discovering Indian suppliers, manufacturers, and exporters from a global standpoint, fostering international trade collaborations. Whether you’re a supplier seeking wider exposure or a buyer in search of reliable sources, TradeIndia offers a versatile and effective platform for seamless business interactions.

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    Meesho

    Website www.meesho.com
    Founded 2015
    Founder Sanjeev Barnwal, Vidit Aatrey
    Headquarters Bengaluru

    Meesho Dropshipper in india
    Meesho | Dropshipping Companies In India

    Meesho holds a prominent position among the top online shopping platforms, offering products at highly competitive prices. As a leading dropshipping company, Meesho caters to both B2B and B2C markets, providing a wide range of goods to resellers.

    While most products are suitable for individual reselling, some may have minimum order quantities for wholesale orders. However, Meesho offers flexibility to collaborate with suppliers to request products without branding labels, allowing resellers to sell under their own brand name.

    Resellers also have the option to purchase 5 to 10 products in bulk and sell them with their unique branding. It’s worth noting that delivery times may vary depending on the supplier’s location, shipment method, and the customer’s address.

    Overall, Meesho’s dropshipping services present a compelling opportunity for resellers to explore a wide array of products and create their entrepreneurial ventures in the online marketplace.

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    Jim Trade

    Website www.jimtrade.com
    Founded 2005
    Founder Sohel Shaikh
    Headquarters Mumbai

    Jim Trade - best dropshipping company in india
    JimTrade | Dropshipping Companies In India

    Jim Trade claims to be India’s largest online business directory and they have lived up to their claim. Being a business-to-business media company, it facilitates global trade. It has its focus on the Indian market as it provides information about a local business to international buyers as well as integrated marketing services to suppliers.

    It offers a wide range of categories to select from. It has agriculture, construction, beauty and wellness, electronics sports, and so on. With these, it aims at providing an integrated sourcing tool for business-to-business buyers of Indian products in the global platform.

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    WholesaleBox

    Website www.wholesalebox.in
    Founded 2015
    Founder Rohit Dangyach
    Headquarters Jaipur

    Wholesalebox - successful dropshippers in india
    Wholesalebox | Dropshipping Companies In India

    As the name suggests, Wholesalebox operates as a wholesale dropshipping business, offering products at competitive wholesale prices. This platform primarily specializes in furnishing goods and clothing for both men and women.

    One of the key benefits of using Wholesalebox is that customers won’t be aware of the wholesaler or retailer involved in the transaction. All orders processed through Wholesalebox will display your brand, ensuring a seamless and personalized shopping experience for the end users.

    If you choose to sign up as a drop shipper, you have the advantage of purchasing single items, which means you don’t need to buy in bulk or store inventory. This allows you to sell the product immediately to your buyers after purchasing it from Wholesalebox, making the dropshipping process efficient and hassle-free. On the other hand, if you’re a wholesaler, you’ll need to purchase items in bulk before placing an order.

    Tradeford

    Website India.tradeford.com
    Founded 2011
    Founder NA
    Headquarters NA

    best dropshipping companies in india_startuptalky
    Tradeford | Dropshipping Companies In India

    Tradeford offers dropshippers an extensive array of products sourced directly from Indian manufacturers. Moreover, the company places a strong emphasis on ensuring that the products meet the necessary quality standards.

    As a growing company, Tradeford brings unique advantages for those considering enlisting with them. Their relative novelty means a heightened focus on meeting customer needs and delivering exceptional service. For dropshippers seeking a fresh and customer-centric approach, Tradeford’s promising potential makes it an enticing option to explore.

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    ExportersIndia

    Website www.exportersindia.com
    Founded 1997
    Founder Mr. Sunil Kumar Gupta
    Headquarters New Delhi

    ExportersIndia - best dropshipping suppliers india
    ExportersIndia | Dropshipping Companies In India

    ExportersIndia stands out as another exceptional business-to-business platform that serves as a vital link between manufacturers and sellers. This platform has earned a reputation as one of India’s most reliable dropshipping companies, thanks to its unwavering commitment to providing flexible and customer-oriented services.

    Notably, ExportersIndia has garnered acclaim not only within India but also on a global scale. It opens doors for businesses to connect with renowned companies like ACE, NAULAKHA, PARAG, MIRAJ, Pmark, and several others, fostering robust partnerships in the dropshipping industry.

    With a successful two-decade run, ExportersIndia has amassed a wealth of positive reviews from satisfied customers, further solidifying its position as a trusted and dependable platform for dropshipping solutions.

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    Webdealindia

    Website www.webdealindia.com
    Founded 2011
    Founder NA
    Headquarters Delhi

    Webdealindia - indian dropshipping suppliers
    Websdealindia.com | Dropshipping Companies In India

    Recognized as one of the best dropshipping companies in India, WebdealIndia offers a user-friendly platform that simplifies browsing through various product categories, allowing for swift product launches and maximum exposure in the vast online space.

    Serving as the go-to wholesale marketplace in the country, WebdealIndia welcomes local and international manufacturers, enabling them to showcase their premium products on the website. As a dropshipper, you can benefit from real-time notifications as soon as manufacturers enlist their products on the platform, ensuring you stay ahead in the game.

    In essence, WebdealIndia emerges as a reliable and efficient partner for both manufacturers and dropshippers, connecting businesses globally and providing seamless access to a diverse range of quality products.

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    Baapstore

    Website www.baapstore.com
    Founded 2017
    Founder Karthic Kumar Gurnani
    Headquarters Chennai

    Baapstore - best dropshipping supplier india
    Baap Store | Dropshipping Companies In India

    Baapstore, headquartered in Chennai, emerges as a prominent player in the dropshipping industry, offering an extensive selection of Indian products at competitive wholesale prices. With a focus on quality, their products boast high-profit margins and present an attractive RoI ratio for dropshipping businesses.

    One standout feature that sets Baapstore apart is the option for white labelling, allowing sellers to market products without disclosing the supplier’s name. This seamless branding strategy enhances the credibility of the sellers’ businesses and fosters customer loyalty.

    Baapstore takes care of all essential backends, including shipping, hosting, technical support, and cataloging, relieving sellers from the burden of these operational aspects. This enables sellers to concentrate solely on driving sales and expanding their business ventures.

    To ensure smooth international deliveries, Baapstore has forged partnerships with renowned companies like Aramax, FedEx, and DHL. Moreover, they offer free delivery services within India, as well as convenient international shipping options, making them a favorable choice for both domestic and global dropshipping ventures.

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    Hothaat

    Website www.hothaat.com
    Founded 2012
    Founder Hooner Baweja
    Headquarters Gwalior

    Hothaat - dropshipping company in india
    Hothaat | Dropshipping Companies In India

    Comparatively new in the list of dropshipping companies in India, Hothaat was founded in 2012. As it is a newcomer, it enlists all the top facilities on its website. It also allows sellers to make use of their business activities as much as they wish to.

    This company aims at finding reliable and competitive manufacturers, merchants, suppliers to enlist their products. Run by a group of professionals working in regard to business ethics with a committed workforce.

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    Conclusion

    The world of dropshipping in India is thriving, and these top companies are at the forefront of this booming industry. From the convenience of a B2B marketplace to the seamless white-labeling options, each of these companies offers unique features that cater to the needs of both seasoned entrepreneurs and budding business owners.

    These top dropshipping companies in India offer a solid foundation to turn your entrepreneurial dreams into a reality. Remember to carefully assess your business needs, product preferences, and customer expectations before making your final choice.

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    Frequently Asked Questions – FAQs

    What is dropshipping, and how does it work with these companies?

    Dropshipping is a business model where the seller does not hold inventory but instead collaborates with a supplier who directly ships products to customers. With the top dropshipping companies in India, sellers can choose products from their catalogs and sell them on their online stores. When a customer places an order, the supplier handles the shipping process, making it a hassle-free way to run an e-commerce business.

    Yes, dropshipping is legal in India.

    What are the advantages of using dropshipping companies in India?

    Dropshipping offers several advantages, including low upfront investment, a wide range of product options, no inventory management, and the ability to start an online store with minimal risk. With the top dropshipping companies in India, sellers can access a vast network of suppliers, reliable products, and efficient shipping solutions.

    What are some dropshipping businesses in india?

    Some of the top dropshipping companies in India are:

    • WholesaleBox
    • IndiaMART
    • TradeIndia
    • Jim Trade
    • Tradeford
    • ExportersIndia
    • Webdealindia
    • Baapstore
    • Hothaat

    Is dropshipping profitable in India?

    Yes, dropshipping is profitable in India and everywhere else.

    What is white labeling, and how can it benefit my business?

    White labeling allows sellers to sell products under their own brand name without revealing the supplier’s identity. This branding strategy enhances the seller’s credibility and fosters customer loyalty, making it a valuable option for building a unique and recognizable brand image.

    How can I ensure the quality of products sourced from these companies?

    The top dropshipping companies in India typically have a strict vetting process for suppliers to ensure product quality. Additionally, customer reviews and ratings can provide valuable insights into the performance of the suppliers and the products they offer.

  • List of Startups Acquired by Indiamart

    IndiaMART is a Noida-based e-commerce platform that is involved in B2B sales of various products and services in the country. It connects buyers with suppliers of all scales (SMEs, Individual suppliers, large enterprises). IndiaMART has the largest online marketplace for B2B businesses in India. The company claims to have a 60% market share with 143 million buyers, 7 million suppliers and 80 million products and services.

    Founded in 1996 by Brijesh Agarwal and Dinesh Agarwal, IndiaMART was started to help customers in the Delhi-NCR region with website directories. Later, the company grew to a great height with various rounds of funding. IndiaMART went public in 2019 and became the first online B2B company to do so.

    IndiaMART has invested around Rs 900 crores in 13 startups since April 2021. This online B2B company has made only a few investments and acquisitions before 2021. Here is the list of all the startups funded and acquired by IndiaMART so far.

    Startups Acquired by IndiaMART

    Following is the list of startups acquired by IndiaMART over the years:

    1. RealBooks
    2. EasyEcom
    3. Aerchain
    4. Busy Infotech
    5. Fleetx Technologies
    6. Livekeeping
    7. M1xchange
    8. Bizom
    9. Industry Buying
    10. Legistify
    11. 10 Times
    12. Vyapar
    13. Shipway Technology
    14. Super Procure
    15. Zimyo
    16. Tradezeal
    17. Tolexo
    18. HelloTrade
    19. Pay With Indiamart

    IndiaMart perrformance shared by Founder of IndiaMart – Dinesh Agarwal

    RealBooks

    RealBooks - Startup acquired by IndiaMart
    RealBooks – Startup acquired by IndiaMart

    RealBooks is an accounting software developed by Adansa Solutions Pvt Ltd. It helps clients to manage their businesses in different locations, create customized invoices, manage inventory, bookkeeping, voucher verification and many more. It serves as a complete package for accounting solutions.

    IndiaMART invested a sum of Rs 13.75 crores in RealBooks for a stake of 26.01%. This investment was made indirectly by IndiaMART through its subsidiary Tradezeal.

    EasyEcom

    EasyEcom - Startup acquired by IndiaMart
    EasyEcom – Startup acquired by IndiaMart

    Edgewise Technologies Private Limited developed a software named EasyEcom to provide inventory and warehouse management solutions to merchants. This SaaS tool helps traders to locate, track and manage inventories across various sales channels. EasyEcom also automates back-end functions like tracking payments from shipping and returns of inventories.

    A sum of Rs 13.35 crores was invested by IndiaMART in return for 26.01% of shares of EasyEcom. This acquisition was made through Tradezeal Online Private Limited.

    Aerchain

    Aerchain - Startup acquired by IndiaMart
    Aerchain – Startup acquired by IndiaMart

    Aerchain is a software that helps its customers with the procurement of goods and services. It was developed by Agillos E-Commerce Private Limited. Aerchain helps businesses in simplifying their Source-to-Pay (S2P) process. Its AI automates procurement and finds the right supplier with great deals and quality.

    IndiaMART acquired 26.23% of the shares in Aerchain for an investment of Rs 26 crores. This investment was made through Tradezeal, the wholly-owned subsidiary of IndiaMART.

    Busy Infotech

    Busy Infotech - Startup acquired by IndiaMart
    Busy Infotech – Startup acquired by IndiaMart

    Busy Infotech is a software platform that provides accounting services and solutions to companies. This software also offers services like GST filing, return filing, TDS, TCS, invoicing, inventory, and customer management. BUSY is a simple, easy-to-use and highly flexible tool that helps in managing the business as a whole.

    IndiaMART made a huge investment of Rs 500 crores to acquire Busy Infotech. 100% of shares of Busy Infotech were purchased by IndiaMART for the said amount thus making it a wholly-owned subsidiary of the company.

    Fleetx Technologies

    Fleetx - Startup acquired by IndiaMart
    Fleetx – Startup acquired by IndiaMart

    Fleetx is a software that helps businesses with the management of freight and fleet. All the logistical operations are digitized by this tool. This helps to ensure the safety, stability and security of both the logistics and the vehicles. Businesses and operators can also keep track of their fleet’s movements as well as the maintenance needs through Fleetx.

    IndiaMART invested Rs 91.42 crores to acquire 16.53% shares from Fleetx Technologies.

    Livekeeping

    Livekeeping - Startup acquired by IndiaMart
    Livekeeping – Startup acquired by IndiaMart

    Livekeeping is an accounting application that helps businesses to access, check, track and share information on sales, payments and other business-related activities. This software was built by Finlite Technologies Private Limited. Livekeeping can also integrate the existing on-use accounting software, like Tally, into its application. This automatically syncs the data on the user’s device and gives a real-time view of business operations.

    IndiaMART is a major shareholder in Finlite Technologies Private Limited. The company procured 51.09% of shares in Livekeeping for a sum of Rs 45.98 crores.

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    M1xchange

    M1xchange - Startup acquired by IndiaMart
    M1xchange – Startup acquired by IndiaMart

    Reserve Bank of India took up an initiative named Trade Receivables Discounting System (TReDS) to facilitate and help MSMEs. M1xchange created a platform using this initiative as a base for its operation. This startup has collaborated with various banks to help MSMEs to obtain finances with Trade Receivables.

    IndiaMART invested Rs 32.43 crores in Mynd Solutions Private Limited (M1xchange) in return for 7.70% of shares in the company.

    Bizom

    Bizom - Startup acquired by IndiaMart
    Bizom – Startup acquired by IndiaMart

    Bizom is a software company that is involved in the designing of mobile apps and websites for businesses. Their area of concentration includes businesses with distributor management and sales force & supply chain automation.

    There were two investments made by IndiaMART in Bizom for an aggregated amount of Rs 21.4 crores for 15.98% shares in the company.

    Industry Buying

    Industry Buying - Startup acquired by IndiaMart
    Industry Buying – Startup acquired by IndiaMart

    Industry Buying is involved in the online trading of industrial supplies like hand tools, abrasives, power tools, robotics, etc., This e-commerce site sells equipment from various categories and diverse sectors of business. Industry Buying is a brand developed by IB Monotaro Private Limited.

    IndiaMART has acquired 26% of Industry Buying’s share by investing Rs 104.2 crores.

    Legistify

    Legistify - Startup acquired by IndiaMart
    Legistify – Startup acquired by IndiaMart

    Legistify is a SaaS platform that helps businesses to manage and keep track of their legal workflows and activities. This online tool serves as a medium to connect people or businesses in need of legal support with lawyers across the nation. One can also track their litigation, manage notices and perform other related activities in Legistify.

    An indirect acquisition was made by IndiaMART through its subsidiary Tradezeal in Legisify. There were two investments made, one of which was made in March 2021 for Rs 1.30 crores and another in January 2022 for Rs 7.5 crores. IndiaMART holds 11.30% of shares in total in Legistify.  

    10 Times

    10 Times - Startup acquired by IndiaMart
    10 Times – Startup acquired by IndiaMart

    10 Times is an event management software that brings together professionals and people at the right place and time. Their FLOOR software program can organize and hold virtual events. They take care of everything like bringing in speakers and sponsors, recording the sessions, boosting the network with AI and many more.

    Earlier, 10 Times was a wholly-owned subsidiary of IndiaMART. But in 2020, IndiaMART sold 70% of its stakes in 10 Times and now holds it as an associate company with 30% of its share capital.

    Vyapar

    Vyapar - Startup acquired by IndiaMart
    Vyapar – Startup acquired by IndiaMart

    Vyapar is another accounting software to receive investments from IndiaMART. It offers simplified accounting solutions to small businesses and helps them with invoicing, vouchers and inventory management. Vyapar makes these processes easy, quick and simple.

    IndiaMART had already made an investment in Vyapar in 2019 that amounts to Rs 31.2 crores. Now, to develop the business further, the company made another funding of Rs 61.55 crores in this accounting startup. An aggregate of 27% of the shares is held by IndiaMART in Vyapar.

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    Shipway Technology

    Shipway - Startup acquired by IndiaMart
    Shipway – Startup acquired by IndiaMart

    Shipway is another logistical SaaS platform that was developed with the goal to automate shipping operations for small businesses. It offers a better customer experience in terms of tracking, return management, fraud detection, etc., Shipway automatically sends a delivery notification and ensures better workflow management.

    IndiaMART, through its subsidiary Tradezeal, invested Rs 18.2 crores in Shipway Technology on 28th April 2021.

    Super Procure

    Super Procure - Startup Acquired by IndiaMart
    Super Procure – Startup Acquired by IndiaMart

    Right from order placement to delivery, Super Procure digitizes every step of the shipping process. It finds the best freight source with optimum rates through transparent auction or bidding. Super Procure offers a real-time view of each and every event throughout the shipping operation. This software was developed and managed by Truckhall Private Limited.

    An indirect investment of Rs 10.4 crores was made by IndiaMART in Super Procure. The company overall holds 25.02% of shares in Truckhall Private Limited.

    Zimyo

    Zimyo - Startup Acquired by IndiaMart
    Zimyo – Startup Acquired by IndiaMart

    Zimyo is a Human Resource Management software developed by Zimyo Consulting Private Limited. This SaaS tool handles everything right from hiring new recruits to handling payroll, performance and attendance management.

    IndiaMART has invested Rs 17.01 crores in return for 10% of share capital in Zimyo.

    Tradezeal

    Tradezeal Online Pvt Ltd. is an enterprise software company that was incorporated in May 2005. It has its registered office in Central Delhi. Tradezeal offers consulting and other software publishing services to its customers. This company is a wholly-owned subsidiary of IndiaMART. A few investments and acquisitions made by IndiaMART were indirectly made through Tradezeal.

    Tolexo

    Tolexo - Startup Acquired by IndiaMart
    Tolexo – Startup Acquired by IndiaMart

    Tolexo is another wholly-owned subsidiary of IndiaMART. It is a platform that helps businesses by providing technology, payment services, customer support and other requirements for a seamless online shopping experience. This company claims to have been developing a futuristic infrastructure by combining both online and offline setups for a perfect e-commerce solution.

    HelloTrade

    Hello Trade - Startup Acquired by IndiaMart
    Hello Trade – Startup Acquired by IndiaMart

    Hello Trade is an online trading company that has been in existence for the past 14 years. IndiaMART is the parent company for Hello Trade. The founders of IndiaMART, Dinesh and Brijesh, serve on the board of this company. Hello Trade Online Pvt Ltd. is a company limited by shares and has its registered office in Delhi.

    Pay With Indiamart

    Pay With Indiamart is an online payment services company. It offers a safe and secure platform for payments along with services like buy-now-pay-later, EMIs and multiple payment options for its customers. The payments for purchases and sales through IndiaMART can be made through this online service. Pay With Indiamart is a private limited company and is a subsidiary of IndiaMART.

    Conclusion

    More than a dozen investments in less than a year clearly explain that IndiaMART was sure about investing in startups after receiving a fund of Rs 1070 crores in 2021. Right from the beginning, their investments were diverse in different sectors of business like accounting, logistics, automation, supply chain, etc., All these acquisitions by IndiaMART are sure to benefit not only the company but also the corresponding startups.

    FAQs

    When was IndiaMart founded?

    IndiaMart was founded in 1996.

    Where is IndiaMart headquarters?

    IndiaMart has its headquarters in Noida.

    What are the subsidiaries of IndiaMart?

    IndiaMart Subsidiaries include:

    • Tolexo
    • Tradezeal
    • Busy Infotech
    • 10times
    • Pay With Indiamart
    • HelloTrade

    What are the top startups acquired by IndiaMart?

    Top Startups acquired by IndiaMart are:

    • Livekeeping
    • Busy Infotech
    • RealBooks
    • EasyEcom
    • Aerchain
    • Fleetx Technologies
    • M1xchange
    • Bizom
    • Industry Buying
    • Legistify

    What is the number of employees in IndiaMart?

    There are 3,049 employees in IndiaMart.

  • PrimedeQ – India’s Only E-marketplace for Medical Equipments

    Medical equipment industry in India is still in the developing stage. As per data, approximately 80% of the medical equipment used in India is imported. The selling and general distribution expenses in the medical equipment industry in India are very high. The industry suffers from huge information asymmetry, lack of transparency and trust between buyers and sellers. Hospitals, on the other hand, are constantly looking for affordable, reliable medical equipment and services. PrimedeQ, a Bangalore based startup is working to bring a positive difference in the medical equipment industry by making buying, selling and renting of medical equipment easily.

    Startup Name PrimedeQ
    Headquarter Bangalore
    Founders Shanthi Mathur & Achudhan Mani
    Sector Healthcare/ Medical Equipment
    Founded 2016
    Parent Organization PrimedeQ India Pvt. Ltd.

    About PrimedeQ
    Medical Equipment Industry Details
    Founders of PrimedeQ and Team
    How was PrimedeQ Started
    PrimedeQ – Name and Logo
    What is PrimedeQ
    PrimedeQ – Launching Startup
    PrimedeQ – Business Model and Revenue Model
    PrimedeQ – Funding and Investors
    PrimedeQ – User Acquisition
    PrimedeQ – Startup Challenges
    PrimedeQ – Competitors
    PrimedeQ – Advisors and Mentors
    PrimedeQ – Growth
    PrimedeQ – Future Plans

    About PrimedeQ

    PrimedeQ is India’s first e-Marketplace for Medical Equipment, connecting Healthcare Providers, Medical Equipment Sellers & Service Providers all on one integrated platform. Hospitals can Buy, Sell or rent equipment, get medical equipment serviced and buy spares & accessories – New or Used.

    PrimedeQ aims to provide access to multiple affordable, good quality medical equipment options to buyers. It aims to bring down selling costs considerably for sellers through its virtual platform.

    We are a one-stop destination for all things related to medical equipment. Such a platform does not exist today in India. Our short-term vision is to create as large a network, with a comprehensive portfolio of products and services as possible in Southern India. In the long-term, we will be #1 expert-Marketplace for medical equipment in India.

    About PrimedeQ

    Medical Equipment Industry Details

    Medical equipment and devices market in India is about $5.2Bn growing at a CAGR of 15%. Including after- sales market the total market is estimated to exceed $6.5Bn.  The industry is not only expected to grow beyond US$10-12Bn in the next 5 years. But more importantly, it is expected that there will be an increase in participation and market share for Indian Manufacturers.

    Medical Equipment Industry

    Founders of PrimedeQ and Team

    Shanthi Mathur and Achudhan Mani are the founders of PrimedeQ.  

    Shanthi Mathur is the CEO of PrimedeQ. She has two decades of experience as a management professional in the healthcare domain. She has worked with organizations like ICICI, Max Healthcare, Asian Heart Institute, IBM India, Vaatsalya Healthcare and others in Leadership positions, before becoming a consultant in the area of performance excellence and data analytics.

    At PrimedeQ, Shanthi looks after the Sales, digital marketing, technology, finance,  HR areas and also other areas if and when needed.

    Achudhan Mani is the director of PrimedeQ. He is the MD of Avanttec Medical Systems, a serial entrepreneur with more than 33 years of experience in the medical equipment field. Achudhan and Shanthi met through common contacts. Achudhan was inspired by Shanthi’s idea and so he joined Shanthi in founding PrimedeQ.  

    As Achudhan puts it “There is not a corner of the TN state that I have not traveled to, for selling and servicing medical equipment and yet, in general, the conversion rate is hardly 2%. I am tired of chasing customers for business… for once I want the genuine ones to call us”. Achudhan strongly believes in the power of Social Media/Digital Marketing and that e-commerce technology is the future of the growing medical equipment market

    The other core member of PrimedeQ team is Dr. Sakshi Khandelwal. She is the Chief Officer eMarketplace at PrimedeQ. Sakshi is a dentist and Master of Health Administration by qualifications. Before becoming a consultant in the performance management and data analytics areas, she worked in the hospital management area for more than 6 years.

    Dr. Sakshi is in charge of all day-to-day operations in PrimedeQ, including customer care and vendor alliances.

    PrimedeQ has a 10-member team largely consisting of eMarketplace operations, bio-medical servicing and field sales teams.

    PrimedeQ Team

    How was PrimedeQ Started

    The problem PrimedeQ is solving one which the Indian healthcare sector has been facing for ages. Shanthi was working with a chain of hospitals in tier-2 and tier-3 towns in Karnataka in 2014. She noticed that there were many instances where equipment break-down and go un-serviced for weeks.

    Hospitals in smaller towns prefer to buy used/refurbished equipment as they have budgetary constraints. However, they have very limited options when they want to buy used equipment. In most instances, they know just a few refurbishers or agents and have to pay much higher. Again, when hospitals want to sell equipment they get a bad deal because their access to potential buyers is extremely limited.

    “What if selling and buying hospitals could easily find each other in a large network? Both would get a more profitable deal. What if the same network could help find a service provider when the machine is down?” Such questions kept coming to Shanthi’s mind as she wanted to do something to solve this grim issue that the hospitals are facing.

    A few years ago, a colleague of mine called up about a hospital who wanted to sell all its equipment just two-years after starting, since they couldn’t get enough business. They had very few offers, hardly recovering 40% of the cost. I could not help them at that time but eventually heard that they sold the whole lot for less than 1/3rd the cost after holding on for another two-years and incurring more losses. I thought if Flipkart, Amazon, OLX, Cars24, etc. could do similar things using e-commerce technology; why not create a platform dedicated to medical equipment.  

    Shanti started discussing a few ideas with a couple of ex-colleagues and discovered that 20-30% of the medical equipment market is for used/ refurbished equipment. This was huge but largely unorganized. Often when hospitals are unable to run and wish to close-down, they don’t have access to many potential buyers. It is all word-of-mouth still in this e-commerce era. This is what triggered-off the idea of launching an e-commerce platform dedicated to medical equipment and providing hospitals with multiple options when it comes to buying or selling. At the same time, everyone was clear that no equipment business could be successful without proper after-sales support and servicing. Hence the idea of a complete e-marketplace including service-support was formed.

    PrimedeQ is a shortened form of Primary Marketplace for Medical Equipment.

    We designed the last letter ‘q’ to look like an MRI machine. Funny thing is contrary to our expectations however people pronounce the name as Primede – Q

    PrimedeQ Logo

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    What is PrimedeQ

    PrimedeQ is an e-marketplace for medical equipment. It aggregates products and services and connects buyers to sellers in the most convenient and cost-effective manner at the same time offering unbiased information and expertise helping them make the right decision.

    PrimedeQ deals in both new and used medical equipment. Besides PrimedeQ also has spares and accessories related to medical equipment. A user can rent medical equipment and also get repairing and maintenance services through PrimedeQ. The company plans to introduce an ‘Auction’ section on its website. PrimedeQ has teamed-up with Kennovation Software Services to develop the portal.

    Some USPs of PrimedeQ are-

    • Bridges information asymmetry/gap
    • Aggregates and provides expertise
    • Authenticates buyers/sellers
    • Provides transparency in pricing/charges
    • Provides an end-to-end total solution

    More than 90% of the hospitals in the country are small-and-medium sized, doctor-promoter lead, looking for affordable equipment and reliable third-party servicing options. As more and more hospital capacities are coming up in smaller towns’ access to quality products and reliable services are getting even more difficult. What is more, the medical equipment after-market is highly fragmented and un-organized in India. Sellers and competent service providers operate in their niche within limited geographic areas and do not have a strong digital presence. The younger generation of doctors is increasingly turning to the internet to look for solutions.

    PrimedeQ – Launching Startup

    PrimedeQ launched its startup in Bangalore. The first 18-months of its geographic presence was limited to Karnataka and slowly expanded to entire Southern India. Partnerships with equipment and spares suppliers are the key to PrimedeQ’s growth strategy. The company is also continuing to grow its portfolio of equipment through newer partnerships.

    As e-Marketplace, PrimedeQ has a virtual presence and it matters less where we are physically based out of. Due to our virtual presence, we are already getting inquiries and servicing customers, not only from all over the country but also from overseas.

    PrimedeQ – Business Model and Revenue Model

    PrimedeQ has a well-planned revenue model. It earns revenue from the following sources

    • Equipment Sale
    • Repair & Maintenance Services
    • Spares & Accessories Sale

    PrimedeQ offers all equipment required by a typical secondary care hospital such as OT, ICU/Critical Care, Emergency, OPD, IPD, Sterilization, Physiotherapy, etc., including products for home care. This includes anything from an ECG machine to MRI, NiBP cuff to CT Tube. Pricing ranges from a ₹1000/- for a spare part to a couple of Crores for a used MRI machine. It charges a commission for the sale of equipment and Spares.

    PrimedeQ – Funding and Investors

    Presently the founders have brought in Rs 10 million. PrimedeQ is planning to raise funds by the end of this financial year.  

    PrimedeQ – User Acquisition

    PrimedeQ started with a Hybrid model (i.e online portal as well as on-field marketing). It initially spread the word 100% through on-field marketing team, participation in events and also Google Adwords.  In the past 2-years, PrimedeQ’s digital presence has strengthened and from less than 10% of its leads coming from online channels, it is now more than 50%.

    The company was able to acquire the first 100 customers in 15 months, with nearly 1/3rd being repeat customers. The two features of PrimedeQ which has acquired much popularity among the customers are-

    • Ability to sell used equipment directly to another hospital/doctor, with minimal intermediary charges and total transparency in the pricing.
    • One-stop-destination nature of its model – encourages customers to seek us for anything related to medical equipment, which they don’t know whom to reach out to.  

    From the beginning, we have stayed focused on the used/ refurbished equipment market which constitutes nearly 20-30% of the market and is arguably the low-hanging fruit. As an eMarketplace, a strong digital presence is critical and for a strong digital presence, good content is crucial. We are a one-stop destination for all things related to medical equipment. This means PrimedeQ is a go-to point for any medical equipment, service or spares. We are augmenting online content and features for equipment valuations, comparison and purchase decision support.

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    PrimedeQ – Startup Challenges

    In B2B, customers expect credit, and the biggest challenge that PrimedeQ has faced has been in payment collections, delays, constant follow-ups, dis-honored cheques, etc. To solve the issue, PrimedeQ is avoiding credit business with first-time customers.

    PrimedeQ is also fighting a perception bias. Many people feel that PrimedeQ is a premature concept and the industry is yet not ready for online purchase of medical equipment, which is not true. The younger generation of doctors are very IT-savvy and comfortable searching for equipment online and PrimedeQ is getting more than 100+ relevant inquiries/ month online alone. Close to 50% of its customers (specifically doctors) search for equipment online through smart-phones and many specifically requested for an App.

    For those who believe that online shopping of medical equipment cannot gain popularity in India, Shanthi says that “The same logic was advanced for Flipkart, MakeMyTrip or Cars24. So, every idea sounds crazy until we do it. The customer behavior is changing fast and I strongly believe, time is ripe for leveraging latest technologies including AI, Blockchain and 3D-printing in this field and bring about disruptive transformation”

    PrimedeQ – Competitors

    There is no platform exactly like PrimedeQ, which is focused only on medical equipment and positioned as a one-stop destination. However, there are existing medical equipment companies with a minimal digital presence or e-commerce players who among other things also sell medical equipment. Some portals selling medical equipment that poses competition for PrimedeQ are  Amazon, eBay, Medikabazaar, Colmed, Industrybuying, MedicoMart, IndiaMart OLX, Quikr, etc.

    None of these players actively offer medical equipment servicing like PrimedeQ. Worldwide there are organizations like Dotmed, Medwow, etc, focused only on medical equipment who are doing well.

    We get several inquiries from customers who have purchased oxygen concentrators from say Portea but need to now sell their used ones. They put it up either in OLX or PrimedeQ. Or say they have purchased a Bi-PAP machine, which is not working – they approach us for repair.

    PrimedeQ – Advisors and Mentors

    PrimedeQ is being mentored by KN Moorthy, ex-Regional Service Manager, GE Healthcare and Mr. Mukul Mathur, Vice President – IBM Systems Channels and Distribution, Asia Pacific.

    PrimedeQ – Growth

    PrimedeQ has received tremendous response from the hospitals. Currently, it has over 2500 registered customers (approx. 20% of South India market) and done business with 100+ customers in 38 different towns across the 5 Southern States. More than 30% are repeat customers, while 7-8% of the inquiries it receives are from overseas.

    “There have been hospitals whom we met in our early days who did not do any business with us then but are now approaching us with confidence. Response from hospitals has been extremely positive. Many of them went on to say this is the need of the hour. But the strongest validation is that they pay. There are no discounts and freebies. We get market rates” Shanthi says.

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    PrimedeQ – Future Plans

    PrimedeQ’s Plan for the next 2 years is to improve penetration in the regions it operates and augment its range of equipment & spares. It will also offer equipment valuation and purchase decision support online in the medium term.

    PrimedeQ’s future plan also includes using data for AI and 3D printing for spare parts.

    We strongly believe that our start-up will help indigenous medical manufacturers significantly and support ‘Make in India’ initiative. Growing regulations regarding quality of healthcare delivery and patient safety through institutions such as National Accreditation Board for Hospitals (NABH) and Atomic Energy Regulations Board (AERB) and others both at State-level and at the Centre will give the much-needed fillip to medical equipment industry. Our objective is to become an expert market place. We are not limited by the idea of being an e-commerce platform.