News:IndiaMart aiming to raise Rs.500 cr via primary market

By Logicserve News Desk

  • June 7, 2016,
IndiaMart @logicserveDigi

IndiaMart @logicserveDigi can become the second ecommerce company in India who comes out with an initial public offering.

The portal is a platform that offers various tools to its buyers to search from over 3 crore products through its competitive suppliers.

It is believed that the company is already in talks with investment bankers to raise about rs.500 crore via sale share. A spokesperson seems to have confirmed the plan.  The ecommerce is an online platform that allows SMEs and large companies to transact through their site.

The company says that it is a cash-positive business and has grown over the rate of 40% CAGR in the past five years. Its existing investors are Intel Capital, Amadeus Capital, West Bridge Capital and Quona Capital.  With over 3,000 employees it has 65 offices across the country.

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