wordpress blog stats
Connect with us

Hi, what are you looking for?

IndiaMART traffic, business queries see 35% YoY growth in Q3FY21

E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended December 31, 2020 up from 188 million in the previous year. Total business enquiries delivered grew 37% YoY from 112 million to 154 million. The company also saw a 5% YoY increase in its revenue to ₹174 crore “due to marginal improvement in realization of existing customers and increase in number of paying subscription suppliers”.  Operational highlights Traffic: 253 million, up by 2.3% QoQ and 34.5% YoY. Around 81% of the traffic is through mobile. Registered buyers: 119 million, up by 5.3% QoQ and 21.4% YoY. Around 33% of buyers are in metro cities, and another 26% from Tier II cities. The company says 59% of all buyers are repeat buyers. Total live products: 71 million, up by 2.8% QoQ and 7.5% YoY Supplier Storefronts: 6.4 million, up by 3.2% QoQ and 9% YoY. Around 37% of the suppliers are buyers Paying subscription suppliers: 148,000 up by 4.9% QoQ and 5% YoY. Around 58% of buyers are from metro cities and 7% from Tier II cities. While subscriptions contribute to 95% of revenue from operations, the top 10% subscribers contributed to 41% of platforms' revenues during the quarter Business Enquiries: 154 million, up by 12% QoQ and 35.7% YoY. Around 51 million business queries are delivered monthly Daily Unique Business Enquiries: 25 million, down by 10.7% QoQ; up 38.8% YoY  [caption id="attachment_127900" align="alignnone" width="1217"] IndiaMART's growth…

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

Free Reads

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

News

According to a statement, the executive body of the European Union had also sought internal documents on the risk assessments and mitigation measures for...

News

The newly launched partially open-sourced LLM Grok-1 can be commercially used but not trademarked.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ