Looking down 23 years ago
to looking up forever
in this journey of
that started on so called
April Fool's Day !!!
Happy Birthday IndiaMART,
Stay Foolish, Stay Hungry
A whole new world ahead for
@IndiaMART
family
Someone said has given a new meaning to 36
& snapshot at 11.11am is magical
Thankyou colleagues, customers, vendors, buyers, sellers, bankers, lawyers, investors, directors, friends🙏🙏🙏🙏🙏
15th August 1995 Internet was launched in India &
I decided to come back from usa that very day
Very next day I told my manager that I’m going back to India &
started in 6 months
@IndiaMART
@brijeshagrawal
@GulatiD
@amarinderd
IndiaMART IPO subscribed 12% in 4 hours on Day 1
Raised Rs 213 crore from15 anchor investors
ICICI Mutual , HDFC Mutual , SBI Mutual , Birla Mutual Fund, Hornbill Orchid India Fund, SAIF India, Kuwait Investment Authority, Steadview Capital, Malabar India & Sylebra Capital
Tax Update
those who want a net gain of Rs 60k+ watch Zee & republic
those who want to see overall loss of 10K, watch India Today & Aaj tak
those who want to see overall loss of 50k, watch NDTV & ABP
If you think its going to make difference of 20-30,
watch Big Boss
Naukri was launched exactly 27 years ago on April 1, 1997. Two other Internet companies were also launched on April 1. Indiamart in 1996 and Makemytrip in 2000
@Naukri
@makemytrip
@IndiaMART
In 1996 launched
@IndiaMART
B2B e-commerce
#marketplace
.
22 yrs later, IndiaMART is all set for a Rs500 Cr $75m
#IPO
IPOs are rarity in India’s $27 bn
e-com industry, companies mostly stayed away from the bourses due to poor financial performance
15th August 1995 Internet was launched in India &
I decided to come back from usa that very day
Very next day I told my manager that I’m going back to India &
started in 6 months
@IndiaMART
@brijeshagrawal
@GulatiD
@amarinderd
"I feel honoured and elated for the special mention by the President of India. I would also like to thank the professors of HBTU and the Centenary Year Function committee for this opportunity" - says
@DineshAgarwal
, Founder & CEO,
#IndiaMART
Apart from medicines and oxygen
Oximeter and other equipments are also in huge demand and shortage.
While we all should work on oxygen and medicines
Let's make sure no item in the treatment chain is missing
Only 8% of working population in India is regular monthly employee
Vs China @ 53% & Brazil @ 67%
Rest 92% are self employed
#SMEs
or farmers or daily wagers @ India
Among salaried workers 72% earned below ₹18,000 & 45% get less than ₹10,000 per month
Chinese travel company CTRIP hikes stake in
@makemytrip
five fold to 49%
Interestingly, CTRIP could have taken a majority stake of 53%. But it has limited its shareholding to 49% to “get a favourable result” in terms of regulatory approval for the deal,
🙏
@nsitharaman
Pls make PF amount fully optional for 6 months by employees
Why force them to save 10% for retirement as money is needed now?
unable to understand the logic & government interest in PF collection
Government has to give back ~8% interest when repo rate is ~5%
Since 2016
@IndiaMART
#B2B
marketplace has become a fast-growing, profitable firm.
IndiaMART business has thrived so much that in June, it pulled off a successful stock market
#IPO
listing, the rarest of rare achievements for an Indian internet firm.
India enters 37-year period of demographic dividend
if used carefully can drive 10 fold growth like Japan China Korea
But can go waste if missed to create employment by providing good health and education to all
We
@IndiaMART
trying our best for MSMEs
A concise dossier of joyful roller-coaster ride, over the last 24 years, trying to build a meaningful technology solution to make it easier for Indian businesses
#IndiaMART
@IndiaMART
A relaxed Sunday read with nostalgia
Thanks
@aviralbhat
IndiaMart has patiently built over 23y:
Online exporter from India in 97
$15K rev, cash +ve in 99
Inv. collapsed in 01
Online payments, travel in 04
Pivoted to B2B mkt in 07
Rocketed to 500K sellers in 11
$5Bn GMV in 16
$100MM+ rev, IPO'd in 19
Unicorn in Feb 20
Incredible.
A big shout out of appreciation to Dinesh Chandra Agarwal of
@IndiaMART
Some of the search features he has built in his platform beat even google outright. India got a big boon from his platform. I find Indiamart one super exciting co to watch out for. 👍
#ThoughtfulTwitter
We named
@IndiaMART
a marketplace in 1996,
when the word
#marketplace
did not exist in
#ecommerce
Today IndiaMART has products in 52 categories, has 4.72 million sellers, 50 million stock keeping units (SKUs), 60 million registered buyers & 290 million delivered enquires in 2018
How are smaller ecommerce companies in India padding up for an era dominated by
#Amazon
and
#Walmart
? By going deeper into vertical markets, being nimble, focusing on design, and taking an omnichannel approach, reports
@SunnySen
Most successful businesses never took venture capital investments & fewer in early stages. Grow by choosing right business model & cash flow to cover operations & early-stage growth. customer-funded business. It’s not new, it’s just under-represented in today’s startup culture
The rapid vaccine development techniques used during covid give hope to many other unsolved diseases like malaria, TB, Dengue, Zika, Aids in times to come
On the day of our listing, here’s something I want to share with our shareholders, and India’s startup ecosystem.
The future looks exciting. I don’t know whether we will succeed or fail – we will surely, like always, give it our best.
India has made a great progress in 24X7 real time money transfer at ZERO or negligible cost via NEFT RTGS
@NPCI_IMPS
@UPI_NPCI
with regulations & infrastructure by
@RBI
&
@NPCI_NPCI
International debit cards operators
@Mastercard
@Visa
are still looting by charging exorbitantly
मानो तो मैं गंगा माँ हूँ,
ना मानो तो बहता पानी |
कोई वज़ू करे मेरे जल से,
कोई मूरत को नहलाए |
कहीं मोची चमड़े धोये,
कहीं पंडित प्यास बुझाए |
ये जात धर्म के झगड़े,
इंसान की है नादानी |
मानो तो मैं गंगा माँ हूँ,
ना मानो तो बहता पानी |
IndiaMART has since become a major destination for the supply of safety, sanitisation, hygiene, chemical and medical products and related raw material
Read more at:
Entry level car bike sales skid continously since 2017 on the back of multiple economic shocks & inflation, hurting the lower middle class most is least migration from low income population to middle class income bracket
Funding is never a moat. No matter how much you raise, there will always be one with more capital
Focus on real business moats product, network
The first round of funding is usually the easiest one. every subsequent month will be riskier and tougher
Satya Nadella became CEO of Microsoft in February 2014.
He 5X’d a multi-hundred billion company in less than six years.
Has to be in the conversation for greatest CEO of all time.
Amazon admits to Congress that it uses data from third-party sellers to come up with its own products
Amazon’s use of private data to shape & promote its own branded goods is a key question for regulators probing company’s competitive practices.
जब सच-झूठ में फर्क ना हो
जब गलत-सही में घिर जाओ
तुम नज़र में अपनी गिर जाओ
इस बात पे थोड़ी देर तलक
तुम आँखें अपनी बंद करना
और अंतरमन की सुन लेना
मुमकिन है हम-तुम झूठ कहें
पर अंतरमन सच बोलेगा..
@kavishala
@Rekhta
@ICutipie
@prasoonjoshi_
At 7.7 crore, traffic challans up four times in 23 months
Gadkari said the increase in number of challans is due to installation of cameras and speed gun-based automatic violation detection system.
कारोबारों और सेवाओं के ऑनलाइन मार्केटप्लेस इंडियामार्ट
@IndiaMART
का 475 करोड़ रुपए का आईपीओ 24 जून को खुलकर 26 जून को बंद होगा
कंपनी ने मूल्य 970 से 973 रुपये तय किया। उच्चतम मूल्य पर 475 करोड़ रुपये जुटाए जाने की उम्मीद है
Only 21% of workers are in regular employment in India.
Rest all are in adhoc self employment or daily wages.
Given that our median age is 28 years..
We need to focus quickly on formal regular employment or else our demographic dividend may go waste.
Limited company & LLP incorporations hit 7-year high of 16,487 in July
Ministry of corporate affairs data says
Possible reason :
1
Lower income tax vs proprietorship & partnership firms
2
Pent-up demand from April & May
3
Real sign of economic recovery
We are confident that together, we will deliver value for all stakeholders in the times to come and will continue to look forward to our increasing contribution towards the growth of the Indian economy and employment by use of technology.
@IndiaMart
#IPO
IndiaMART to acquire Busy Infotech for up to 500 cr
Alert: Busy Infotech offers web-based business accounting solution
Also, IndiaMART invests 61.55 cr in Simply Vyapar Apps, to hold 27% stake