How B2B e-commerce turned the corner
A positive consequence of GST and demonetization is the coming of age of business marketplaces in India
Bengaluru: Having been around for two decades, Indiamart is one of the oldest internet firms in the country. Started by Dinesh Agarwal in 1999 as an export marketplace for businesses, it shifted focus to domestic trade in 2008. Since 2016 Indiamart has become a fast-growing, profitable firm that provides a marketplace for businesses as well as payment services. Its business has thrived so much that in June, Indiamart pulled off a successful stock market listing—the rarest of rare achievements for an Indian internet firm.