IndiaMART
Latest, : IndiaMart doubles AI spend every six months to purge fake listings, chase 1M sellers
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 4 stories, the newest dated 22 Jul 2026. Summary written 3 Oct 2026.
IndiaMART is an Indian B2B marketplace that connects business buyers with suppliers.
Show 3 more paragraphs and 4 sources
It also owns Busy Infotech, an accounting software unit.[1] source: Inc42 Inc42 reported that supplier storefronts on the platform reached 8.8 million, with 2.18 lakh paying suppliers and 26 million business enquiries generated.[2] source: Inc42
For Q1 FY27, reported in July 2026, IndiaMART posted consolidated net profit of ₹172.2 crore, up 12% YoY. Operating revenue was ₹414.4 crore, up 11% YoY and 3% QoQ, and total income was ₹521.1 crore.[1] source: Inc42 EBITDA was ₹14.6 crore, up 10% YoY.[1] source: Inc42 Web and related-services revenue was ₹375.9 crore, up 9% YoY, and Busy Infotech revenue was ₹38.5 crore, up 49% YoY.[1] source: Inc42 Customer collections rose 8% YoY to ₹463 crore, deferred revenue rose 16% to ₹2,014 crore, and cash and investments reached ₹3,553 crore.[3] source: Outlook Business
Inc42 reported that paid suppliers declined for a third straight quarter. Shares fell 7.5% intraday to a 52-week low of ₹1,773 and closed 5.25% lower at ₹1,817.40, giving a market capitalisation of ₹10,930.4 crore.[4] source: Inc42 The company approved IndiaMART Finance, a wholly owned subsidiary meant to offer short-term working-capital credit to marketplace buyers and sellers.[1] source: Inc42 It is also deploying AI for cataloguing, matchmaking and conversational tools.[3] source: Outlook Business
Sources
Questions about IndiaMART
How fast is IndiaMART growing in India?
IndiaMART reported Q1 FY27 operating revenue of ₹414.4 crore, up 11% YoY, and consolidated net profit of ₹172.2 crore, up 12% YoY, in July 2026.[1] source: Inc42
What is IndiaMART's current strategy in India?
In July 2026 IndiaMART approved IndiaMART Finance, a wholly owned subsidiary to offer short-term working-capital credit to marketplace buyers and sellers.[1] source: Inc42 It is also deploying AI for cataloguing, matchmaking and conversational tools.[3] source: Outlook Business
Stories that mention IndiaMART
1 story
IndiaMART is named in these stories but is not their subject.