TiE Delhi-NCR & TiE Chennai powered by IndiaMART organized

TiE Delhi-NCR & TiE Chennai powered by IndiaMART organized Webinar on ‘SME3.0-Tranforming for the Future’

 India’s leading online B2B Marketplace IndiaMART with TiE Delhi-NCR & TiE Chennai had recently hosted a webinar on ‘SME 3.0-Transforming for the future’.  Leaders and entrepreneurs from various Industries participated in the webinar.  Mr. Dinesh Gulati, COO, IndiaMART InterMESH Pvt. Ltd. has been a part of this session, addressed the audience and shared his views on the challenges faced by SMEs during the pandemic and suggested ideas of growing the business Post Covid.

The event started with a keynote session delivered by Mr. Dinesh Gulati, COO, IndiaMART. He pondered into the main challenges faced by the SMEs in today’s world, namely, Access to Market, Technology, Finance and Talent. He mentioned that by introducing policies to further bolster the sector, by doubling budget allocated to the MSMEs in FY21-22, and through other initiatives like Atmanirbhar Bharat and Make In India the government is acting as an enabler. Many of the traditional banks are using alternate credit scores to pre-approve SME loans, and the technology has penetrated into the SME base and created 0.3 Mn enterprises. He through his session imparted the knowledge on how the small businesses can leverage the marketplaces, the various SaaS and Fintech solutions, and the new trends like Gig Economy which will help them to overcome the challenges and scale their businesses exponentially.

SMEs have huge opportunities for growth in the country but the pandemic had a significant impact on Indian SMEs, and there have been significant forced changes in the way SMEs operate today. But, there are some issues like access to credit, lack of collateral security, and poor financials that are affecting an enterprise’s ability to access banking and funding, inability to take advantage of many subsidy schemes introduced by the government, etc. Through this webinar leaders from different sectors came together, to name a few were Hemalatha Annamalai, Investor & Mentor, VilFresh - Laymen Agro; Navjot Kaur, Vice President, Fireside Ventures; Nazar Isak, Founder, Manna Food Products; Rahul Gupta, Times Internet. The Chair attempted to address some key issues that SMEs are facing and suggested tips and tricks on how to adjust to the new normal scenario through the session on ‘New Age SMEs in the Post Covid World.'

The session on the ‘Inspiring Brand Stories: Post-Covid Digital Transformation’ has assisted the audience to learn from experienced founders about their shift in business operations, during and post-Covid time and what were the major challenges the SMEs faced in adopting the new normal and how that shift happened.

‘Innovations on Financing for SMEs'  session featured insights from experienced investor firms on SMEs financing, with the goal of educating the audience on the various types of financing options available, the major challenges in obtaining them, and why there is a need to bring in innovative solutions to meet the financing demands of various types of SMEs.

Commenting on this event co-created with TiE Delhi-NCR and TiE Chennai, Mr. Dinesh Gulati, COO, IndiaMART InterMESH Pvt. Ltd. said, “I see this initiative as a way to create natural opportunities for SMEs. Through this debate and discussion around SMEs issues, opportunities, operations, etc., our audience has got an insight on the challenges and the various hybrid approaches for business growth. I am delighted that we hosted this webinar and hope to bring leaders together again from different corners of industries for some more relevant topics and issues.”

"The contribution of SMEs in the economic development of the country is immense.  It has been our resolve to wholeheartedly work towards the progress of this sector. IndiaMART has been a long-term ally in our initiatives for SMEs & Startups, including this one. With such collaborations, we wish to continuously equip venture owners, with all the tools to further their business journey successfully." said Geetika Dayal, Executive Director, TiE Delhi-NCR

 

IndiaMART leads Series A investment in Vyapar

IndiaMART leads Series A investment in Vyapar, a business accounting software for MSMEs

 India’s largest online business-to-business marketplace IndiaMART announced its investment in Vyapar, a mobile-based business accounting software for small businesses. IndiaMART led the Series A investment round in Simply Vyapar Apps Pvt Ltd, owner of Vyapar, of Rs 36 crore along with the participation of existing investors India Quotient and Axilor.

‘Vyapar’ is an invoice accounting and stock inventory app with 1 million+ downloads and 4.6 app rating on google play store. Small and Medium businesses can use their app or desktop version for billing Goods and Services Tax (GST) invoices, managing stock inventory and accounting solutions.

Speaking about the investment, Dinesh Agarwal, Managing Director, IndiaMART said, “Over the last two decades IndiaMART has effectively overcome the problem of access to market and technology by building a digital marketplace for MSMEs. This investment in Vyapar that is solving the complex billing and accounting needs of MSMEs in a simplified manner is aligned with our long term vision to make doing business easy for millions of businesses by providing them tech-enabled easy and cost-effective solutions.”

Vyapar founder SumitAgarwal said, "At Vyapar, our vision is to digitize every business in India and simplify the business processes that help them grow. IndiaMART’s scale and expertise will help us achieve this goal faster, in turn, transforming the MSME landscape in India."

AsutoshUpadhyay, who led the investment at Axilor said, “Vyapar proves that the right business model can breakthrough an otherwise traditional sector. Their laser-sharp customer focus along with IndiaMART's expertise in the sector will help them achieve a larger scale in India’s MSME segment.”

IndiaMART InterMESH Limited reports

IndiaMART InterMESH Limited reports 37% YoY growth in Revenues in Q1 FY’20

Chennai, July 31, 2019: IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the first quarter ending June 30, 2019.

Performance Highlights: Q1 FY2020 vs. Q1 FY2019

§  Consolidated Total Income of Rs. 162 Crore, YoY growth of 37%

§  Consolidated EBITDA of Rs. 37 Crore representing 25% Margin

§  Consolidated Cash generated from Operations at Rs. 54 Crore

IndiaMART reported consolidated Total Income of Rs. 162 Crores, 37% growth YoY, primarily driven by increase in revenue from operations. Consolidated Revenue from operations grew by 30% on YoY basis due to increase in number of paying subscribers as well as higher realization from existing customers. Consolidated Deferred Revenue grew by 32% from Rs. 461 Crores in Q1 FY19 to Rs. 610 Crore in Q1 FY20 Crore leading to much better visibility for revenues in future.

Consolidated EBITDA for Q1 FY20 was Rs. 37 Crore representing a margin expansion from 11% in Q1 FY19 to 25% in Q1 FY20, owing to increase in revenue and optimum utilization of resources. Consolidated Net Profit for the period stood at Rs. 32 Crores representing a margin of 20% as compared to loss of Rs. 56 Crore in Q1 FY19.

The Company generated consolidated Cash Flow from Operations of Rs. 54 Crore leading to Cash and Investments of Rs. 746 Crore as on June 30, 2019 as compared to 448 Crore on June 30, 2018, an increase of 67% YoY.

Operational Highlights:

Total business enquiries delivered witnessed an increase to 113 million from 98 million, a growth of 15%.

Supplier Storefronts grew to 5.6 million in Q1 FY20 from 5.1 million in Q1 FY19, an increase of 11% YoY. During the same period, paying subscription suppliers witnessed an increase to 132.5 thousand from 113.1 thousand, a growth of 17%.

Commenting on the performance, Mr. Dinesh Agarwal, Managing Director, said:“We are pleased to report results for the first quarter ending June 2019. Our growth is a result of focus on execution and measures undertaken towards enhancingbuyer and supplier experience. We are continuously investing in expanding our network, enhancing our technological capabilitiesand acquiring the best minds from the industry. We are hopeful that these measures would hold us in good stead going forward as well.”

Q1 FY2020 Performance Metrics: Consolidated Basis
				Y-o-Y Growth		Q-o-Q
Particulars (Rs. Cr)	Unit	Q1 FY20	Q1 FY19		Q4 FY19
						Growth
Total Income	(Rs. Crore)	162	118	37%	153	6%
Revenue from Operations	(Rs. Crore)	147	113	30%	138	7%
EBITDA	(Rs. Crore)	37	12	201%	20	83%
EBITDA Margin	%	25%	11%		15%
Other Income	(Rs. Crore)	14	4		15
Profit Before Tax	(Rs. Crore)	46	(50)		34
Net Profit for the period	(Rs. Crore)	32	(56)		28
Net Profit Margin	%	20%	(48%)		18%
Cash generated from Operating Activities	(Rs. Crore)	54	45	20%	98	(45%)
Deferred Revenue	(Rs. Crore)	610	461	32%	586	4%
Cash and Investment	(Rs. Crore)	746	448	67%	685	9%

IndiaMart InterMesh Limited makes a bumper debut on the bourses

·            Share lists at premium of 21.27% at 1180

·            Issue price of the IPO was Rs. 973 per equity share

·            Issue was subscribed over 36 times

·            QIB subscription : 30.83 times | HNI: 62.13 times | Retail: 13.37 times

Chennai, July 04, 2019: The equity shares of IndiaMart InterMesh Limited (India’s largest online B2B market place) were listed on the bourses at a premium of 21.27% at 1180 level compared to its issue price of Rs 973 per share in a ceremony held at National Stock Exchange today.

The IPO of IndiaMart InterMesh was opened on June 24 and closed on June 26 with a price band of Rs 970-973 per share. The qualified institutional buyers’ (QIB) book was subscribed close to 30.83 times, non-institutional investors (NII) 62.12 times and retail individual investors (RII) 13.37 times.

IndiaMart InterMesh stock touched an intraday high of Rs. 1338 and Rs. 1339 on NSE and BSE respectively. The script closed on Rs. 1301 and Rs. 1302.55 on NSE and BSE respectively at the end of debut day.

Commenting on the successful IPO listing, Mr. Dinesh Agarwal, Founder and Managing director, IndiaMart InterMesh Limited, said, We are overwhelmed by the record response we received from the investors for our IPO. It is a matter of honor for IndiaMart to be a part of the popular stock exchanges. This would not have been possible without the trust shown by our investors, customers and employees. We are confident that together we will deliver value for all stakeholders in the times to come.”

He further added, “The Indian Tech space is growing and companies are turning profitable because of the impressive digital program in the country. The classifieds business model has found its feet in the Indian market. Investors are trusting the tech sector and starting to give the desired valuations to companies now.

Commenting on the occasion, Mr. Vikram Limaye, MD and CEO, NSE, said, “The listing of IndiaMART sets an encouraging tone for other similar technology and internet based companies to access the public markets. NSE, with its focus on technology, has been a pioneer in creating platforms to support new-economy companies as they begin their journey in the public markets. NSE is a strong supporter of creating viable fund raising opportunities as well as liquidity options for new economy companies through public markets and has carved out a dedicated segment, the Innovator Growth Platform. This Platform makes it easier for tech companies, across growth stages, to access the public markets.”