E-commerce marketplace IndiaMART InterMESH Ltd. saw a 42% YoY rise in traffic to 257 million in the quarter ended March 31, 2021. Total business enquiries delivered increased 29% to 150 million. Supplier storefronts grew to 6.5 million, increasing by 9%; paying subscription suppliers grew by 3% to 152,000. Operational Highlights Traffic: 257 million, up 43% YoY; 80% traffic through mobile Registered Buyers: 125 million, up 22.5% YoY, 57% repeat buyers Total Business Enquiries Delivered: 150 million, up 29% YoY Daily Business Enquiries Delivered: 96 million, up 33% YoY Monthly Business Enquiries Delivered: 50 million Buyer %: Metro Cities - 33%; Tier II Cities - 26%; Rest of India - 41% Paying subscription suppliers: Metro Cities - 57%; Tier II Cities - 27%; Rest of India - 16% Product listings: 72 million Supplier Storefronts: 6.5 million, 37% suppliers are buyers Top 10% paying subscription suppliers make up 41% of revenue Average Revenue Per Paying Customer: Rs 47,004, up 11% YoY Acquisitions: IndiaMART susidiary Trade Zeal Online Pvt. Ltd. recently acquired stakes in three SaaS companies: 11% equity stake in Legistify Services Pvt. Ltd., 25% equity stake in TruckHall Pvt. Ltd. and 26% Shipway Technologies Pvt. Ltd. Financial Snapshot The company reported a consolidated revenue of Rs 180 crore in the quarter ended March 31, 2021, reflecting an increase of 6% YoY, due to improvement in realisation from existing customers and increase in number of paying subscription suppliers. IndiaMART has also completed a QIP issue of equity shares by raising Rs 1,070…
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