Warburg Pincus Considers IndiaMart Investment

Posted by Joachim Bartels | May 20, 2011 | E-Commerce, India, IndiaMart.com | 0 |

New Delhi/Bangalore, 7^th May: Indian B2B e-commerce platform IndiaMart.com is reportedly engaged in advanced-stage talks with global private equity fund Warburg Pincus. IndiaMart will reportedly receive an investment of US$33.4 million in exchange for a 10%-20% stake in the company. IndiaMart.com has previously received US$10 million from Intel Capital in 2008, and approximately US$3.5 million from Bennett, Coleman & Co Ltd in 2007 – at undisclosed valuations.

Established in 1996, IndiaMart.com claims to have over two million registered users and 2010 revenues of roughly US$25 million. The company’s revenues are generated through user subscriptions for various types of online directory listing services.

Source: Business Strategies Group Hong Kong www.bsgasia.com

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