Thread by @BiIndia

.@IndiaMART employees hit gold⁠— founder reveals that 15% of the multi-bagger stock is with 600 people who are, or have been, part of the team

@DineshAgarwal

businessinsider.in/business/news/…

By @SanchDash

@IndiaMART @DineshAgarwal @SanchDash In June 2019, @IndiaMART InterMESH, backed by Intel Capital, Amadeus and Accion, debuted in the #StockMarket with a listing price of ₹973.

@IndiaMART @DineshAgarwal @SanchDash On Friday, it rose to almost 10 times that number to ₹9,925 . In the last one year alone, the value has multiplied nearly 4 times.

@IndiaMART #StockMarket

@IndiaMART @DineshAgarwal @SanchDash While celebrating the big milestone, founder @DineshAgarwal shared that 15% of the shares are held by @IndiaMART employees, past and present. So, roughly 600 people today own 15% of IndiaMART which at today’s value, you can imagine, is almost ₹4,000 crore.

@IndiaMART @DineshAgarwal @SanchDash .@IndiaMART InterMESH which is the parent company for Indiamart.com – one of the country’s biggest online marketplaces for businesses – is one of the country’s oldest e-commerce ventures that started in 1999. Promoters still own a little over 51% of the company.

@IndiaMART @DineshAgarwal @SanchDash From initially being a search, discovery and matchmaking platform for buyers and sellers, the company has also seen its CRM (Customer Relationship Management tool) and messenger tool becoming dependable and it now calls itself a conversational platform as well.

@IndiaMART

@IndiaMART @DineshAgarwal @SanchDash While @IndiaMART competes with TradeIndia.com, Alibaba India and ExportersIndia.com, it has a new competition from Just Dial’s #JDMart, with whom the Agarwal-led company is already in a legal tussle.

@IndiaMART @DineshAgarwal @SanchDash .@IndiaMART won a temporary injunction against JD Mart, but the matter is still pending in court with the next hearing scheduled in April, said Agarwal.