IndiaMart Intermesh: More steam left after the stellar run?
Asset-light business model and shift to online market place by buyers and sellers helping online B2B player IndiaMart Intermesh
December 22, 2020 / 09:31 AM IST
Postman | The API testing or application programming interfaces testing startup saw $150 million in June 2020 from Charles River Ventures, Insight Venture Partners and Nexus Venture Partners. (Representative Image: VentureBeat)
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
IndiaMart Intermesh (IndiaMart) (CMP: Rs 5,695; Market capitalization: Rs 16,584 crore) is the largest online B2B online classifieds market place with a market share of more than 60 percent in online classifieds. IndiaMart operates a product and price discovery platform facilitating interactions amongst buyers and sellers. The platform provides a unique opportunity as it enables two-way interactions -- suppliers can post their listings and buyers too can request for quotations. As on 30 September, it had 69 million product...