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IndiaMART.com Named Among India's '25 Most Promising Internet Companies'

Posted on: Friday, 12 March 2010, 01:09 CST

NEW DELHI, March 12, 2010 /PRNewswire/ -- A mark of its continually growing popularity and strength, IndiaMART.com has now been recognised amongst the 'Top 25 Most Promising Internet Companies' in India by the leading technology magazine 'The SmartTechie' in its annual survey. The SmartTechie, publishes the coveted top 25 list of most promising Internet companies every year, based on key criteria like: ease of use, evidence of success, scalability and monetization. The jury panel consisted of CEOs, CIOs, VCs and analysts besides the magazine's editorial team.

Acknowledging the achievement, Founder and CEO, IndiaMART.com, Mr. Dinesh Agarwal said , "It's a great news for all of us at IndiaMART.com, our constant endevour to offer the best of services to the SMEs and MSMEs has paid dividends. Such noteworthy recognition motivates us to scale greater heights. It propels us further towards accomplishing our goal of bringing the SMEs and MSMEs to forefront through our global online B2B platform. I thank SmartTechie for the veneration and feel humbled at the same time."

SmartTechie in its statement said,"We believe that, each company in this annual list had all those, which is needed to climb the ladder of success as their products and plans are indeed progressive, and the technologies are groundbreaking. Perhaps, what makes all of them to tick is their innovative and need based approach."

In the past, IndiaMART.com has been bestowed with several prestigious awards for its contribution to the SME and MSME sector. Some distinguished recognitions include the Red Herring 100 Asia, Emerging India Award, Amity Corporate Excellence Award and Indira Super Achiever Award, among others.

Besides IndiaMART.com, other promising Internet firms include, BigAdda (social networking), Yatra.com (travel), Zapak (gaming), Jivox (online video advertising), Seventymm (movie rental), and Sulekha.com (local commerce) among others.

For the last 14 years IndiaMART.com has been vigilantly playing torch bearer's role in promoting country's SME and MSME business through its online platform, helping them sell their products and services in the international marketplace and expand their reach and business opportunity. The company commands an overwhelming 60 percent market share in the online B2B marketplace, according to an IAMAI study on India's B2B online marketplaces in 2009.

About The SmartTechie

The SmartTechie magazine aims at empowering technology leaders for tomorrow. Its mission is to update its readers on the latest developments in technology and how these developments will impact them. The magazine aims to capture insights from the experiences of senior technology professionals and experts from across the globe.

The magazine gets published in Bangalore and reaches out to about 1 lac experienced technology professionals in Bangalore, Hyderabad, Chennai, Mumbai, Pune & Delhi.

About IndiaMART.com

IndiaMART.com is India's largest online B2B marketplace connecting global buyers with suppliers through business directories, online product catalogs, buy-sell offers, industry specific marketplaces, printed media and trade shows participation.

Founded in 1996, the company has a pan-India presence in over 100 cities . With approximately 1200 employees located across 31 offices in the country, IndiaMART.com offers an extensive range of value-added products and services to its 700,000 registered members and nearly 5 million global buyers across various industries and verticals.

IndiaMART.com has won numerous awards over the years and has been widely covered by media such as CNBC, BBC, BusinessMoney, CNN, Businessworld, Economic Times, Financial Express, etc for its pioneering role in promoting SME business in the country.

Its existing investors include Intel Capital and Bennett, Coleman & Co. Ltd (Times Group), India's largest print media group.

SOURCE IndiaMART.com

Source: PR Newswire

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