B2B online marketplace Tolexo to lay off 300

layoff_tcOnline business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiative. The company […]

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FDI norms for e-marketplace: Big guns quiet as offline retailers hail move

While the poster boys of the industry continue to maintain silence on the new guidelines for e-commerce marketplaces, others hailed the move to ensure a level playing field. On Twitter, Snapdeal co-founder Kunal Bahl gave an obligatory thumbs up to the new norms without talking about the likely fallout on his company. Meanwhile, offline retailers […]

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B2B e-commerce is tougher than B2C e-commerce: IndiaMart founder

Dinesh-agDinesh Agarwal, founder and CEO of IndiaMart InterMESH Ltd, one of the country’s largest homegrown listing platforms connecting buyers with suppliers, has been part of India’s entrepreneurial scene for two decades now. Agarwal and Brijesh Agrawal started IndiaMart in 1996, much before the era of e-commerce and tech startups began. The company also launched Tolexo.com, […]

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Indiamart raises Series C funding from Amadeus Capital, Westbridge & others

VCCircle_India_MartIndiaMART InterMESH Ltd, which runs an online B2B platform for small and medium businesses connecting global buyers with suppliers under the brand Indiamart, has raised an undisclosed amount in Series C funding led by Amadeus Capital. Westbridge Capital, Accion Frontier Inclusion Fund (managed by Quona Capital) in addition to existing investor Intel Capital, participated in the […]

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Dinesh Agarwal on Indiamart, his angel investments and more

Dinesh-AgarwalDinesh Agarwal, founder and CEO of Indiamart InterMESH Ltd, one of the country’s largest homegrown listing platforms connecting buyers with suppliers, has turned into a big-time investor in recent years, putting in money in a number of startups. His portfolio includes companies such as medical app Curofy, crowdfunding platform Wishberry, marketing platform SilverPush, foodtech startup […]

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Exclusive: IndiaMART initiates talks with big investors to raise funding for new B2B e-com property Tolexo

IndiaMART InterMESH Ltd, which runs an online B2B platform for small and medium businesses connecting global buyers with suppliers under the brand IndiaMART, has initiated talks to raise as much as $200 million for its recently launched property Tolexo which enables online transactions, sources close to the development told Techcircle.in. It could not be immediately […]

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